Question { IBPS, 27854 }

Why do we prepare trial balance?

Answer

To findout the errors

Question { 6184 }

any example should cover all three types of accounts in one
entry

Answer

cash paid to Ravi on discount?
Dr cr

(pesonal a/c) Ravi a/c......Dr xxxx
(real a/c) To cash a/c xxxx
(Nominal a/c) To discount a/c xxx

Question { Capital IQ, 4204 }

what is stock split up

Answer

A corporate action in which a company's existing shares are
divided into multiple shares. Although the number of shares
outstanding increases by a specific multiple, the total
dollar value of the shares remains the same compared to pre-
split amounts, because no real value has been added as a
result of the split.

In the U.K., a stock split is referred to as a "scrip issue",
"bonus issue", "capitalization issue" or "free issue".