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What is the meaning of Trial Blance?
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Answer / rahul
A trail balance is a list of all the balances standing on
the ledger accounts and cash book of a concern at any given
date.The purpose of the trail balance is to establish
accuracy of the books of accounts.
| Is This Answer Correct ? | 22 Yes | 0 No |
Answer / guest
Trial Balance is not an Account is a statement to maintain
ledger balance in proper way to maintain Dr. & Cr. and the
total of Dr. & Cr should be matched than we will confirm
that our A/c is Ok after that we will proceed to prepare
the P & L and Final Account.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / iasam
Trial Balance is not an Account is a only statement to
maintain ledger balance in proper way to maintain Dr. & Cr.
and the total of Dr. & Cr should be matched than we will
confirm that our A/c is Ok after that we will proceed to
prepare the P & L and Final Account. Except Stock
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / taxarena
A Trial Balance is a list of revenue and capital accounts
contained in the ledger of a business. This list will
contain the name and balance of all the accounts in such
ledger. These accounts in ledger will hold either a debit
balance or a credit balance. The debit balances will be
listed in the debit column of the trial balance and the
credit balance will be listed in the credit column. The
profit and loss statement and balance sheet and other
financial reports can then be produced using the ledger
accounts listed on the trial balance. In India, trial
balance depict the such balances as on 31st March i.e. the
last day of financial year.
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / pushkar
we can say it is an statement prepared to check the arithmatical accuracy of ladger a/c
| Is This Answer Correct ? | 0 Yes | 0 No |
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