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WHAT IS THE TRAIL BALANCE

Answers were Sorted based on User's Feedback



WHAT IS THE TRAIL BALANCE..

Answer / mohsin pervaze. shm

First of all, it is spelled as 'Trial Balance' not 'Trail
Balance'

A trial balance is a statement of ledger account balances
within a Ledger, at a particular instance.

If we balance all the ledger accounts at a particular
instance and then prepare a statement of balances we get the
"Trial Balance".

The purpose of preparing 'Trial Balance' is to check the
mathematical/arithmetic accuracy of accounting.

Is This Answer Correct ?    39 Yes 2 No

WHAT IS THE TRAIL BALANCE..

Answer / moti

Mohsin Pervaze. Shm Answer is absolutly correct as well as
sufficient.

Is This Answer Correct ?    5 Yes 1 No

WHAT IS THE TRAIL BALANCE..

Answer / jitendra kumar mishra

Trail Balance is the summary of balancing figure of ledger
of each transaction and it verify airthemetical accuracy of
ledger.

Is This Answer Correct ?    5 Yes 1 No

WHAT IS THE TRAIL BALANCE..

Answer / ravinder attri (mba finance)

Trail balance is a statement which contain closing balance
of every ledgers.

Is This Answer Correct ?    5 Yes 1 No

WHAT IS THE TRAIL BALANCE..

Answer / jagadish

list of all accounts of company for the period is called
trail balance

Is This Answer Correct ?    10 Yes 7 No

WHAT IS THE TRAIL BALANCE..

Answer / naresh

trial balance is one which contains the closing balance of
all accounts maintained.In the Trial balance we can see the
accounts maintained.

Is This Answer Correct ?    1 Yes 0 No

WHAT IS THE TRAIL BALANCE..

Answer / shrinivas

Trial balance is a summery of all ledger account balances at
the end of particular period, where debits are equal to redit .

Is This Answer Correct ?    1 Yes 0 No

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