what is trail balance ?

Answer Posted / azhar

TRIAL BALANCE IS THE TOTAL ALL ACCOUNTS RELATES FIGURES IN
A PARTICULAR COMPANY.TRIAL BALANCE LEDGER BALANCE MENTIONED
UNDER THE METHOD :

ALL EXPENSES,LOSSES,ASSETS - DEBIT SIDE

ALL INCOMES,PROFIT,LIABLITIES - CREDIT SIDE

Is This Answer Correct ?    3 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

wat is the fundamental analysys& technical analasys?and wat is the difference bewween fundamental analysys&technical analasys?

1589


when assessing the credit proposal of a prospective borrower if he gets internal rating below the hurdle rate what will you suggest as a banker

1680


what are the type of cash flows?

2294


I have an S Corporation called Trend Foods Inc. I would like to make a division of that company that services computers and call that Trend Computer Service. I do not want to set up another Corporation for Trend Computer Service. Can I just make a division of Trend Foods and what paperwork do I need to fill out to make that happen? Thanks for the help, Jim

1631


who is the pramotar?

1477






Feature of Master letter of credit of Garments manufacturing company?

1456


ACCOUNTING STANDARDS ISSUED BY INSTITUE OF CHARTERED ACCOUNTANCY INDIA FOR PREPARING FUND FLOW STATEMENT

1567


Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance

2136


Received an order from Babu for the supply of goods Rs.200/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?

1473


how we will prepare n file income tax returns for individuals?explain

1751


What are Home Equity Loans ?

1747


what is waybill key number & how can it be issue?

1843


WHAT IS THE DIFFERENCE BETWEEN PUBLIC COMPANY AND PRIVATE COMPANY? MUTUAL FUNDS? GOOD WILL? ABOUT YOUR PROJECTS?

1650


Expand CASA

1637


what is duties and responsibilities for clark working in sbi

1801