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Define Trial Balance?
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Answer / satyaki_raju@yahoo.com
Trail balance is the statement prepared by taking all the
net balnces from ledger accounts.The main purpose of
talying is to know and check the arthimatical accuracy of
the books of accounts before proceeding to the preparation
of Final accounts
| Is This Answer Correct ? | 51 Yes | 1 No |
Answer / pankaj sharma
in short trial balance is the summary of the balancing
figure of the ledgers as on the last date of the accounting
year....
which must be tallied for the arithmetical accuracy of the
accounting books
| Is This Answer Correct ? | 18 Yes | 2 No |
Answer / venugopal redddy
TB is the statement containing the balances of all the
ledger accounts as at any given date, arranged in Dr and Cr
coloums.
The main function of the TB is to act as device to check the
arithmetical accuracy of the accounting process.
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / sohail
Trial Balance is statement contains all ledger balances
with cr amd dr balance to tally and get prepare for balance
Sheet - Final Statement.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / nasim ahmad lodhi
Trail balance is the statement prepared by taking all the
net balnces from ledger accounts.The main purpose of
talying is to know and check the arthimatical accuracy of
the books of accounts before proceeding to the preparation
of Final accounts
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / abdullah amer
Trial Balance is a statement of Debit and Credit extracted
from various accounts in the ledger with a view to test the
arithmatical accuracy of the books.
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / nasim ahmad
Trial Balance is a statement of Debit and Credit extracted
from various accounts in the ledger with a view to test the
arithmatical accuracy of the books.
ement
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / komal lodhi
Trial Balance is a statement of Debit and Credit extracted
from various accounts in the ledger with a view to test the
arithmatical accuracy of the books.
ement
| Is This Answer Correct ? | 1 Yes | 0 No |
Trail balance is a statement which contains all the ledger
accounts closing balances as on particular date.
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / satish
Trial balance is a statement of all the Ledger accounts for
a Period. It's main purpose is to check
Mathematical/Arithmetic accuracy of accounting
| Is This Answer Correct ? | 2 Yes | 2 No |
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The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690
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