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What is the trial balance
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Answer / d.rajkumar
trail balance it means it is statement which are posted
from journal & ledger in systamatic mannar
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / rajesh
A listing of the accounts in the general ledger along with
each account's balance in the appropriate debit or credit
column. The total of the amounts in the debit column should
equal the total of the amounts in the credit column.
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / moid
trial balance is a statement prepared on a particular date
which tests the balances of the legder accounts.
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / usha rani
Trial Balance is a statement which is the basis for
preparing final accounts i.e. for preparing Balance Sheet &
Profit and Loss Account. It will be prepared according to
the requirement. i.e. it can be prepared monthly or
annually. Usually it will prepare annually.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / ramesh
AFTER POSTING TO THE LEGER ACCOUNTS IT IS DESIRABLE TO KNOW
WHETHER ALL THE ENTRIES ARE CORRECTLY MADE OR NOT, SO WE
PREPARE A SEPERATE STAMENTS OF CREDIT & DEBIT TOTALS. THIS
STATEMENT IS KNOWN AS TRIAL BALANCE
Expenses and asset will show Dr balances and Liabilities
and income will show credit balances. in TB if it is shown
vice versa then we can catch error easily
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / raga
Its is the first step in preparation of final accounts.
It is prepared to ascertain the arithmetical accuracy of the
ledgers.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / ravi
trail balance is staemeent it contain various leadger
balances.
| Is This Answer Correct ? | 5 Yes | 3 No |
Answer / veera
trial balance is a statement of debit and credit balances it
is used for knowing the arithmetical accuracy of books of
accounts.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / sxs
trial balance is the balance which has no balance in
accounts
| Is This Answer Correct ? | 2 Yes | 2 No |
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