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WHAT IS THE TRAIL BALANCE
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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 |
Answer / moti
Mohsin Pervaze. Shm Answer is absolutly correct as well as
sufficient.
| Is This Answer Correct ? | 5 Yes | 1 No |
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 |
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 |
Answer / jagadish
list of all accounts of company for the period is called
trail balance
| Is This Answer Correct ? | 10 Yes | 7 No |
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 |
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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