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What is Trial Balance?

Answers were Sorted based on User's Feedback



What is Trial Balance?..

Answer / k.manivannan

TRIAL BALANCE IS AN STATEMENT WHICH IS MAINLY PREPARED TO
FIND OUT THE DEBIT CREDIT POSTING IN THE INDIVIDUAL LEDGER
A/C

Is This Answer Correct ?    3 Yes 0 No

What is Trial Balance?..

Answer / cyndhu

Trial Balance is used to check whether the journal and
ledger entries are correct or not.

Is This Answer Correct ?    2 Yes 0 No

What is Trial Balance?..

Answer / sharful haq khan

Trial Balance is made to with the help of :
debit- incomes & gains / what comes in
credit- expenses & losses / what goes out
IT IS MADE TO CHECK THE CURRENT POSITION OF THE CO. OR FIRM
that how much co. has incomes & how much expenses with
different sources.

Is This Answer Correct ?    2 Yes 0 No

What is Trial Balance?..

Answer / simar

trial balnce is nothing but debit is equal to credit blance

Is This Answer Correct ?    2 Yes 0 No

What is Trial Balance?..

Answer / imtiaz

A list of the balances of various ledger accounts, called
the Trail Balance.

Is This Answer Correct ?    2 Yes 0 No

What is Trial Balance?..

Answer / saravanan

trial balance is a statement of the balances of all ledger accounts prepared at the end of a period to check the arithmetical accuracy of the books kept under double entry principles

Is This Answer Correct ?    2 Yes 0 No

What is Trial Balance?..

Answer / kalyan

trial balance is nothing but debit balance is equal to
credit balance

Is This Answer Correct ?    2 Yes 0 No

What is Trial Balance?..

Answer / prem

Trial balance is a statement which is prepared in separate
set of papers by taking up all the ledger accounts balance
on a particular date in order to verify the arithmetical
accuracy of the accounts in the ledger and putting the
debits side and credits another.

Is This Answer Correct ?    2 Yes 0 No

What is Trial Balance?..

Answer / abc

TRIAL BALANCE IS A PART OF ACCOUNTING BY WHICH ONE CAN
CHECK MATHEMATICAL ACCURACY OF ACCOUNTS WITH THE HELP OF
LEDGER ACCOUNT BALANCES OR WITH THE HELP OF LEDGER ACCOUNT
TOTALS

Is This Answer Correct ?    2 Yes 0 No

What is Trial Balance?..

Answer / dibyendu sundar ray

A TRIAL BALANCE IS A STATEMENT PREPARED TO CHECK THE ARITHMETICAL ACCURACY OF VARIOUS LEDGER ACCOUNTS.

Is This Answer Correct ?    2 Yes 0 No

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