Interested to Buy Any Domain ? << Click Here >> for more details...
Why do you prepare a Trial Balance?
- 14 Answers
- 31143 Views
- Pepsi, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / chandu
trail balance is a statement, which is prepared based on ledger accounts closing balances.
trail is very important to know the arthemetical accuracy of business transactions.
| Is This Answer Correct ? | 36 Yes | 1 No |
Answer / teena sharma
Trial Balance is a list of balances extracted from the
ledger acounts at the end of an accounting period.
Since the balances in ledger accounts are effects of double
ntries, the total of debit balances should be equal to
total of credit balances.
| Is This Answer Correct ? | 19 Yes | 1 No |
Answer / sadhasri
As per double entry systems all the Debit entries has its
equalent credit entries.to know the correctness of the
books as per the above concept Trial Balance is
prepared.With the help of Triall Balance, P&L and Balance
Sheet is prepared.
| Is This Answer Correct ? | 11 Yes | 1 No |
Answer / vinay kumar
Trial Balance is prepared to know the arithmetical accuracy
of all ledgers.Where debit and credit should be equal.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / jyothi.p
As name indicates,it is a trial on arithmetical accuracy of
ledger balances before preparing final accounts.Debit must
be equal to credit. on debit side of the trial balance all
assets & expenses and on credit side of T/B all liabilities
& incomes will consider.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / prashanthi
to check the arithmetic accuracy of all the ledgers. only
if the debit balances total is equal to the credit balances
total we can prepare final accounts
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / u.uma bharathy
Trial balance means "we have to know the arthimetical
accuracy" of ledger. That's why we prepare the trial
balance ,its show the every debit balance is be tally with
the credit balance..
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / tapas ranjan das
Preparation of trial balance is the third phase in the
accounting process, after posting the accounts in the
ledger a statement is prepare to show separately the debit
or credit balance. Such a statement is known as Trial
Balance.
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / manoj kumar dash
trial balance is a picture of double entry,it eqallies all
debit items to credit items.
| Is This Answer Correct ? | 2 Yes | 0 No |
SALES BOOK IS A PART OF
defference between capital assets and fixed assets
meaning of capital
we are selling a device for 6000 and the company want to replace that device with a new device which is a bit more than the prior price say 7000. how we can account this?
what made you take up present subject/area of specialization and what would you define as your career objectives
What is royalty reserve?
What is meant by ERP
3 Answers QAZI Engineering, State Bank Of India SBI,
definition of Accounts types of accounts debit and credit definition debit and credit rules accounting rules
Do is it proper fo an engineer to head a bank without a good backgroud in accounting? ?
What is mean by Asset area?
How to calculate Term Loan interest and the double entry for Term Loan ? What difference between hire purchase and term loan ??
HP EMPLOYYES - If any one in HP company, Please give refernce for attend the Accounting Job in chennai,Bpo- chetpet.If any one Worked there Please,Send mail to me Umaiyo@gmail.com.I have 1 year exp in banking sector, & 8 months exp in accounting in SIEMENS, at present I'm searching for a job.If any person see this mail,Kindly send mail to me. Thank U Friend.
Audit 
