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What is Trial Balance?
 Question Submitted By :: Finance
I also faced this Question!!     Answer Posted By  
# 1
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.

Is This Answer Correct ?    439 Yes 66 No
# 2
A trial balance is a list of all the accounts for a period,
to test that the Debits agree with the Credits
Is This Answer Correct ?    223 Yes 41 No
# 3
trial balance is nothing but the debit balance must be eqal
to credit balance.
Is This Answer Correct ?    334 Yes 167 No
# 4
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

Debit: All expenses, losses and assets
Credit: All Incomes, gains and liabilities
Is This Answer Correct ?    152 Yes 26 No
M.s.s.v.sri Kumar
# 5
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.
Is This Answer Correct ?    152 Yes 29 No
# 6
closing balance of all ledger a/c 
Is This Answer Correct ?    132 Yes 63 No
# 7
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.
Is This Answer Correct ?    79 Yes 22 No
# 8
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.
Is This Answer Correct ?    69 Yes 22 No
N. A. Siddiquee
# 9
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.
Is This Answer Correct ?    64 Yes 18 No
# 10
A trial balance is a list of all the accounts for a period,
to test that the Debits agree with the Credits
Is This Answer Correct ?    64 Yes 21 No

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