Why do we prepare trial balance?

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

hi friends, i have simple doubt if we completed this financial year that is 2009-10 march. after that we will file it period of oct-2010.so from apr-2010 that is new f.y.what we take the opening balances without filing how can we know the exactly figures?

1903


Tell me which accounting application you prefer most and why?

584


what is capital reserve

1566


1.recivable and payble 2.pf,tds,esi

1517


What is use of statistics in accounting?

640






What are mis reports and do you prepare it?

614


What is your greatest achievement and why?

597


What is cotangent Account?

1559


shyam consigned 200000 unit @ rs 5/-each to mr ram and paid freight and insurance amounting to rs 100000.ram spent further following amount: 1) insurance rs 5000 2) godown rent rs 4000 3) clearing rs 6000 2000 unit were damages during transits due to heavy rains. Ram sold 100000 unit @rs 10 per unit . ram realisec solvage value of damage unit rs .2000 ram is get 5% commission on sale determine the abnormal loss?

1904


What is the acceptable accounting procedure when an error is detected in a general ledger account? Explain why such a procedure is followed?

1596


Tell me the types of accounts involved in double entry book-keeping?

630


What is meaning of invoice?

691


Let me know the liability positions of Partners

1489


What does overhead mean in regards to accounting?

652


What is an ea in accounting?

649