Why do we prepare trial balance?

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the different fields of accounting?

631


What is the entry for provision?

611


Tell me what do we mean by purchase return in accounting?

593


What do you debit and credit if discount allowed is underrated?

940


Can you differentiate accounting and auditing?

643






What is vendor?

672


how to pass interest on security entries and salary payable entries in tally and how to maintain e-commerce company account please revert me ASAP its needful for me

877


Tell me as a higher position in the accounting department, you will be responsible for overseeing other employees' accounts. What experience do you have in leadership and management that will prepare you for this responsibility?

582


in trading credit why does goods sent on consignment come?

1493


HOW WE MADE ENTRY OF SURCHARGE ON VAT PURCHASE IN PUNJAB

1707


What are time sheets?

638


What is accounting period?

634


Explain which account is responsible for interest payable?

810


GOODS LOST BY FIRE 100 RS, INSURANCE MONY RECEIVED 120,40 PENDING FOR FINAL SETTLEMENT- Journal Entry

1785


as muthoot finance is a finance co,so what would be pattern of asking in relation to finance and a/c question?will it be basic or general or it would be market related situation?plz if help me anybody...

1747