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
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.
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.
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
Consider the following data for a particular period:
35 % 28 %
4.2 % 30 %
Calculate the following performance measures for portfolio
(P) and the market (M) by using Sharpe, Jensen and Treynor
methods. The T-bill rate during the period was 6 % by
which measures did portfolio P outperform the market $
S.C. Computers has been mismanaged by its promoter. The
Company has over 50,000 employees with software expertise.
It has clients over the last 15 years in 50 countries. The
mismanagement has led to a severe cash crunch with no cash
to meet even salary requirements. While the internal
situation is one of financial and employee morale crisis,
externally it enjoys the confidence of its clientele. The
Government wants such a valuable institution, built over
several years, to be saved so that it can continue to
contribute to national wealth creation, but at the same
time does not wish to extend direct financial assistance,
lest it amounts to encouraging or subsidizing
mismanagement. In one page, suggest the broad elements of a
Business Continuity Plan covering all aspects (not just
financial alone) specifically applicable to this situation.