why is trial balance prepared
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Answer / kanakaiah
A trail balance statemnt of ledger account balance within a
ledger at particular instance . if we balance all the
ledger accounts at a particular instance and than prepare a
stamentof balance we get the trail balance. A trail balance
is prepared to check the mathematical/arthematicaccuracy of
accounting.This is the only (main) purpose of the trail
balance .
Since it is any how prepared for a purpose, it is put to
some other uses like for the preparationof final accounts.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / guest
it is used to brief details of company debits and credits
to do the final accounts of company. with trail balance
details we can prepare final accounts.
| Is This Answer Correct ? | 4 Yes | 0 No |
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