What is the trial balance
Answers were Sorted based on User's Feedback
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 |
what is accounting standard?
58 Answers ABC, Accounting, Banking, College School Exams Tests, Genpact, JK Associates, Livewire, TCS, Vijai Electricals, YCH,
what are the types of provisions that you would make for the end of a financial year?explain
What is journal entry of opening stock?
How many accounting standards in india
Expand------ARN
what is cash in flow and cash out flow?
What is accrual basis of accounting
TDS is for claming purpose or for filing purpose.
what is different b/w current a/c and savings a/c?
Country-Western songs emphasize three basic themes: love, prison and trucks. A survey or the local Country-Western radio station produced the following data: 12 songs about a truck driver who is in love while in prison 2 about people in prison who are not in love and do not drive trucks 8 about people who are out of prison, are not in love, and do not drive a truck 13 about a prisoner in love 28 about a person in love 18 about a truck driver in love 16 about truck drivers who are not in prison 3 about a truck driver in prison who is not in love Find the number of songs about: a) How many songs were surveyed? b) truck drivers? c) prisoners? d) truck drivers in prison? e) people not in prison? f) people not in love?
Telephone expenses 4000 Show entry in expenses not payment entry
which value we have to calculate TDS? Is it for bills recd or no of pymnts made during that year?