What is Trial Balance?
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Answer / hassan kondo
Is a list of all the accounts for a period,to test that
trhe debit agree with the credit
| Is This Answer Correct ? | 23 Yes | 12 No |
Answer / niraj kumar
Trial Balance is a summary statement of all balances
extrated from the ledgerA/C from a aparticular date.
| Is This Answer Correct ? | 20 Yes | 9 No |
Answer / hpotter1987
trial balance is nothing but the statement in which proper
arrangement of all the ledger accounts is done.trial balance
is the primary step in the preparation of final accounts.
| Is This Answer Correct ? | 20 Yes | 10 No |
Answer / mohammad shahbaz
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
| Is This Answer Correct ? | 27 Yes | 19 No |
Answer / satheesh sivarajan
Trial balance is statemnt which is preapred from the
closing balnce of the ledger accounts in the finacial year.
It's main objective is that to check out the arithematical
accuracy of the accounts prepared.
| Is This Answer Correct ? | 23 Yes | 16 No |
Answer / kailas
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.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / dilip kumar
trial balance is the statement of balance which show that
dabit & cradit balances sepretely.total dabit amount should
be equal to total cradit amount.trial balance is disigned a
list of dabit & cradit balance, taken from ledger a/c. it
is also find of errors.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / basu sahu
trial balance is a statement, contain balance of each ledger in two column namely debit and credit which shows closing balance standing to account on particular date ,prepared for particular date or period for checking accuracy of the transaction entered.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / titu
a listing of the accounts in your general ledger and their
balances as at a specified date.A listing of all account
balances that provides a test of whether total debits
equals total credits.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / shoukatali
The Trial Balance is available as a simple end-of-year
statement showing the balances of all the Accounts and
Classes. Trial balance will show Net balances of all
accounts irrespective of nature of account such as Assets,
Liabilities, Income and Expenses. Once the Credit and Debit
balances of a Trial Balance will tally then onle we can
proceed for Profit & Loss A/c and Balance Sheet
| Is This Answer Correct ? | 3 Yes | 0 No |
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