method of preparing the trial balance ?

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method of preparing the trial balance ?..

Answer / priya

A Trial Balance can be prepared in a "Balance Method"
or "Total Amount Method"
1 Balance Method-This method is prepared only when all the
ledger accounts have been balanced.this is the popular
method of preparing Trial Balance

2 TotalAmount Method-the total amount of debititems and
credititems in each ledger are incorporated

Is This Answer Correct ?    8 Yes 1 No

method of preparing the trial balance ?..

Answer / a.madhu sudhan rao

why we prepare Trial Balance

Because to know the Arithmetic Accuracy of Accounts

In Trial balance we debit all Assets & Expenses

and Credited All Incomes & Liabilities

Is This Answer Correct ?    8 Yes 2 No

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