what are the tricks in posting trial balance ?

Answer Posted / pavan kumar

I think you are getting confustion reg trial balance, trial
balance shows the closing balances of all ledgers & group
of ledgers at the time of closing of the year ended.

Is This Answer Correct ?    1 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How is the accounting for hire purchase transactions done?

633


what is the journal entry for gas connection taken by company for preparing tea and coffee.

1854


Can salary paid to promoters before incorporation be taken as a part of pre-incorporation expense? If yes how is the TDS part to be dealt with?

2091


What is an adjusting journal entry?

606


what is the responsiblities for accounts manager?

1487






What is fitting and fixtures?

1717


Is the shadow balance present in bank account always credited or bank may reverse it as well?

608


A manufacturer want to sale his product in Rs 110/ where his manufacturing cost is 100.what will be tax for the product in different way.If he want to sale his product outside the state then what will be the taxation way. I want to know as urgent.Hope you will describe me as brakewise statement with example.

1519


Tell me what does the investment of personal assets by the owner will do?

654


What is the procedure of submit bank guarantees and cancellation.

2053


what is differnce between balance sheet of a bank & a company

1615


Please describe your experience in inventory reporting & valuation including reconciliation of inventory accounts.

1600


Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?

647


what is groups and and ledgers in tally can you give why we need to prepare them

2085


List out some of the examples for liability accounts?

596