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| Question |
What is Trial Balance? |
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Answer Posted By |
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Interview Question Submitted By :: Nandu |
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| Answer |
trial balance is nothing but the debit balance must be eqal
to credit balance.  |
2 | Vijaya |
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| Answer |
trial balance is a worksheet listing the balance of each
ledger in two coloum, namaly debit and credit. the trial
balace is prepared in each finicial period as a summery of
the closing of the period. ledger the total of debit side
should always he equal to the total of the credit side.  |
0 | Pravin S Rawal |
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| Answer |
A Trial Balance is a statement of ledger account balances
within a ledger,at particular instance.
It's main purpose is to check mathematical\arthimetic
accuracy of accounting.
K.V.K.K  |
2 | K.v.k.k |
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| Answer |
A trial balance is a list of all the accounts for a period,
to test that the Debits agree with the Credits  |
1 | Avi |
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| Answer |
trial balance is consist the ledger balances of all
expenses,revenues,profits and owners accounts i.e
capital,drawings. the main purpose of trail balance is check
the arthamatic accuracy of transactions. this shows the
actual balances of particular accounts.  |
0 | Chandu |
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| Answer |
closing balance of all ledger a/c  |
0 | Jai |
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Trial balance is a statement which is prepared to check the
arthematical accuracy of the accounts.
It will be prepared with the help of balances of different
accounts in ledger. or It can be prepared based on following
principle.
Debit: All expenses, losses and assets
Credit: All Incomes, gains and liabilities  |
0 | M.s.s.v.sri Kumar |
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| Answer |
A trial balance is a schedule or list of the names and
balances (both debit and credit)of all the accounts
appearing in the ledger including cash and bank balances
from the cash book.  |
3 | Anuj |
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| Answer |
A trial balance is a list of all the accounts for a period,
to test that the Debits agree with the Credits  |
0 | Anu |
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| Answer |
Trail balance is a statement containing the balance of
ledger accounts as at any given date, arranged in the form
of debit and credit columns, placed side by side prepared
with the object of checking the arthemetical accuracy of
ledger postings.  |
0 | Swapna |
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Main purpose of trial balance is to check the arithmetical
accuracy, debit and credit is balanced during transaction
posting, and account balance reflects actual circumstance
following accounting principle.  |
0 | N. A. Siddiquee |
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| Answer |
The Trial balance is prepared in each financial period as a
summary of the closing of the previous ledger. The total of
the debit side should always be equal to the total of the
credit side, which proves the arithmetic accuracy of the
ledger entry. Often credits will be represented as a
negative leading the total of the trial balance to be 0. The
trial balance thus serves as a tool to detect errors, which
may have occurred during the double-entry system of the
ledger. However, a balanced trial balance does not
necessarily guarantee that there is no error.  |
0 | Angel |
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Trial balnce is a statement, which shows the debit & credit
balance of ledger accounts. The main intenton of a trial is
to check the arithematic accuracy of the accounts.  |
0 | Satheesh Sivarajan |
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A trial blanace is a list of ledger account balances
prepared on a particular date.  |
0 | Eve |
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| Answer |
trial balance is an informal accountig schedule that list
from ledger account balance at point in time & compares the
total of debit balance with the total of credit balance  |
0 | Mohammad Shahbaz |
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