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Could you tell someting Use's of Trial Balance and where we
get the details.
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Answer Posted / babhu kanchupalli(dms)
Trail balance is prepared by the balances of ledger accounts...by properly post them in their respective sides i.e debit or credit side......to know measure the arithmetic accuracy of the accounting procedure
it means..that the debit and credit side of the trail balance should match if our accounting procedure is correct....otherwise it means we did some mistake in accounting procedure.....don't worry....we place the difference balance in a seperate account which is called suspence account temporarly......untill we found errors caused for the difference.
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