what is trial balance? How to prepare trial balance?

Answers were Sorted based on User's Feedback



what is trial balance? How to prepare trial balance?..

Answer / nancy

trial Balance it is nothing but a statement of ledger
account balances
within a ledger,at particular instance.
It's main purpose is to check mathematical\arthimetic
accuracy of accounting.


Trial Balance of M/s _____ as on _____
Particulars L/F Debit Amount
(in Rs) Credit Amount
(in Rs)
Account Head 1
Account Head 2
Account Head 3 —

Total xxxx xxxx

Is This Answer Correct ?    16 Yes 0 No

what is trial balance? How to prepare trial balance?..

Answer / surendra

trilbalance mean . details of head of accounts or total exp
income of the particular head. tril balance is use to
prepaired banlance sheet

Is This Answer Correct ?    0 Yes 3 No

Post New Answer

More Accounting General Interview Questions

dear sir,how to maintain petty cash book. its voucher and posting on cash book and ledger A/c?

0 Answers  


What will be the journal entry for the following - 1)Goods purchased from Mohan for Rs 5000 2)Goods purchased from Mohan on credit Rs 3000 3)Salary paid to Mohan 4)A sum of Rs 120 is realized on the sale of old furniture

10 Answers   ICICI, State Bank Of India SBI, Toshiba,


i got a case study in which theie is a chemical company group which has 12 companies in all, few in Europe and few in USA, my question is should i have only 2 COA as per the standard like US GAAP and IFRS or should i have COA based on country location.

0 Answers  


purchased books rs.50000 and paper 25000

4 Answers  


what is meant by debit and credit

4 Answers  






what is the job profile for Account Manager.

1 Answers  


why bank interest comes in indirect exp. in accounting method? what it is the TDS?

3 Answers  


WHAT IS CORE ACCOUNTING, GROUP CONSOLIDATION ? CONSOLIDATED ENTRY. COULD YOU GIVE ME AN EXAMPLE

0 Answers   HSBC,


if u sale an asset for 10000, which has a book value of 8500. what will be the journal entry???

4 Answers   ACS, EXL,


what is depriciation, and its method

3 Answers   Capital IQ,


What do you think is a bank reconciliation statement?

0 Answers  


Differentiate between provision and reserve?

0 Answers  


Categories