Define Trial Balance?
- 13 Answers
- 14473 Views
- Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / satyaki_raju@yahoo.com
Trail balance is the statement prepared by taking all the
net balnces from ledger accounts.The main purpose of
talying is to know and check the arthimatical accuracy of
the books of accounts before proceeding to the preparation
of Final accounts
| Is This Answer Correct ? | 51 Yes | 1 No |
Answer / pankaj sharma
in short trial balance is the summary of the balancing
figure of the ledgers as on the last date of the accounting
year....
which must be tallied for the arithmetical accuracy of the
accounting books
| Is This Answer Correct ? | 18 Yes | 2 No |
Answer / venugopal redddy
TB is the statement containing the balances of all the
ledger accounts as at any given date, arranged in Dr and Cr
coloums.
The main function of the TB is to act as device to check the
arithmetical accuracy of the accounting process.
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / sohail
Trial Balance is statement contains all ledger balances
with cr amd dr balance to tally and get prepare for balance
Sheet - Final Statement.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / nasim ahmad lodhi
Trail balance is the statement prepared by taking all the
net balnces from ledger accounts.The main purpose of
talying is to know and check the arthimatical accuracy of
the books of accounts before proceeding to the preparation
of Final accounts
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / abdullah amer
Trial Balance is a statement of Debit and Credit extracted
from various accounts in the ledger with a view to test the
arithmatical accuracy of the books.
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / nasim ahmad
Trial Balance is a statement of Debit and Credit extracted
from various accounts in the ledger with a view to test the
arithmatical accuracy of the books.
ement
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / komal lodhi
Trial Balance is a statement of Debit and Credit extracted
from various accounts in the ledger with a view to test the
arithmatical accuracy of the books.
ement
| Is This Answer Correct ? | 1 Yes | 0 No |
Trail balance is a statement which contains all the ledger
accounts closing balances as on particular date.
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / satish
Trial balance is a statement of all the Ledger accounts for
a Period. It's main purpose is to check
Mathematical/Arithmetic accuracy of accounting
| Is This Answer Correct ? | 2 Yes | 2 No |
where i can file service tax and when what i need to file service tax?
give narration of cash----a/c---Dr To cash
How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?
Expand B O I
WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?
is depreciation a expense for company?why it is charged to p/l a/c?
what is the three basic rules of accounting?
expand-------TSR
I NEED RS.100 CHANGE BUT I DON,T WANT RS.10 AND I WANT ONLY 6 NOTES.
Expand--------STSC
What is the closing entry for outstanding amount?
Expand---------NMOP
Audit 
