Why do you prepare a Trial Balance?

Answer Posted / tapas ranjan das

Preparation of trial balance is the third phase in the
accounting process, after posting the accounts in the
ledger a statement is prepare to show separately the debit
or credit balance. Such a statement is known as Trial
Balance.

Is This Answer Correct ?    4 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Tell us what is icai?

647


is WCT aplicable on educational institutions also??????

1404


What is your role in planning?

667


In which condition a vendor raise excise invoice & what are the effect of excise invoice on client ?

1043


Assuming that a firm pays tax at a 50 per cent rate, compute the after tax cost of capital in the following cases: I. A 8.5 % preference share sold at par. II. A perpetual bond sold at par, coupon rate of interest being 7 per cent III. A ten year, 8 percent, Rs.1000 par bond sold at Rs.950 less 4 percent underwriting commission.

2888






Ours is a technology firm. We got a contract of 1 lac. It is payable at the end of the contract. How you will recognize revenue?

1449


Who is the sundry creditors

1138


In which account does the unpresented cheque will get recorded?

719


Do you know in accounting, vat abbreviates what?

656


what is the last date of deposit TDS on liability for the assessment year 2010-11

1590


using examples, examine the relevance of the following as final accouting adjustments; 1.reserves 2.provisions 3.disposal of assets 4.control accounts

1465


What is use of subject history in banking?

2221


Entries to revenues accounts such as service revenues are usually?

1585


what accounts payable applications are your familiar with?

742


when we can submit Form-C to the Sales Tax Dept. What is the period to issue Form-C to the supplier

1427