What is Trial Balance?

Answer Posted / chandu

trial balance is consist the ledger balances of all
expenses,revenues,profits and owners accounts i.e
capital,drawings. the main purpose of trail balance is check
the arthamatic accuracy of transactions. this shows the
actual balances of particular accounts.

Is This Answer Correct ?    154 Yes 29 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Tell me about some stocks you follow. Why should I buy them?

639


Critically examine the importance and methodology of case study. What are its merits and limitations?

1528


explain the impact of manufacturing sector after the global melt down? what are the strategical decissions required to be taken by the corporate sector to revive the situation?

1569


What Is Swift?

710


When were the banks nationalized?

633






What is statutory liquidity ratio (slr)?

632


One of the measures taken by RBI, open market operations in order to control credit expansion in the economy means?

625


What do you know about Bank assurance?

645


What is the branding line of Bank of Baroda?

623


What are the advantages and disadvantages of proprietary firms?

625


What are extends?

626


Give one point of difference between commercial banks and private banks?

632


Define banking?

637


What is the difference between monetary policy and fiscal policy?

660


What are negotiable instruments?

680