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Why do we prepare trial balance?

Answers were Sorted based on User's Feedback



Why do we prepare trial balance?..

Answer / jubeda

FROM THE LEDGER WE PREPARE THE TRIAL BALANCE AND TO GET THE
FINAL A/C WE PREPARE THE TRIAL BALANCE AND IT ALSO INCLUDES
ADJUSTMENTS.FROM THE FINAL A/C WE GET TO KNOW THE POSITION
OF OUR BUSINESS AND WECAN IMPROVE OUR POSITION IN A
COMPETETIVE WORLD.

Is This Answer Correct ?    32 Yes 4 No

Why do we prepare trial balance?..

Answer / roshan

to know the arthametic accurecy

Is This Answer Correct ?    27 Yes 0 No

Why do we prepare trial balance?..

Answer / balraj

Trial Balance is prepared to know the Arithmetical Accuracy
of ledger accounts. We can prepare Profit and Loss A/c
(Financial result)and Balance sheet (Financial Position
)based on Trial Balance.

Is This Answer Correct ?    15 Yes 0 No

Why do we prepare trial balance?..

Answer / suraj

TO KNOW THE ARTHEMATICAL ACCURACY OF THE LEDGER POSTINGS

Is This Answer Correct ?    13 Yes 2 No

Why do we prepare trial balance?..

Answer / komali

Trial balance is prepared to know the arithmatic accuracy
of financial statement.

Is This Answer Correct ?    11 Yes 2 No

Why do we prepare trial balance?..

Answer / jubeda

FROM THE LEDGER WE PREPARE THE TRIAL BALANCE AND TO GET THE
FINAL A/C WE PREPARE THE TRIAL BALANCE AND IT ALSO INCLUDES
ADJUSTMENTS.FROM THE FINAL A/C WE GET TO KNOW THE POSITION
OF OUR BUSINESS AND WECAN IMPROVE OUR POSITION IN A
COMPETETIVE WORLD.

Is This Answer Correct ?    11 Yes 4 No

Why do we prepare trial balance?..

Answer / surabhi gupta

Trial Balance is prepared to check the arithmatic accuracy
of the accounts.

Is This Answer Correct ?    9 Yes 2 No

Why do we prepare trial balance?..

Answer / sohail

trail balance is prepared to know the arithmetic accuracy of hte ledger

Is This Answer Correct ?    5 Yes 2 No

Why do we prepare trial balance?..

Answer / zubair_glad24@yahoo.com

Hi Every budy

Trial balance will be prepared because there is a rules.

it all done through Accounting cycle

journal, ledger, Trialbalance, Trading&Profit&loss a/c and
balance sheet


so without this Accounting cycle Accounts is incomplete so
we have to prepare through Accounting cycle

Is This Answer Correct ?    2 Yes 1 No

Why do we prepare trial balance?..

Answer / rupesh

because find out the proper debit balance & credit balance n
prepare a balancesheet

Is This Answer Correct ?    2 Yes 1 No

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