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what is trail balance ?
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Answer / shravenkumar
It is a statement showing closing debit and credit balances
of all ledger in double entry book keeping, purpose to test
equality in balances.
| Is This Answer Correct ? | 72 Yes | 2 No |
Answer / h.r. sreepada bhagi
Trial Balance is the extract of balances of all Ledger
Accounts as at the end of an Accounting Period (Month-end,
Quarter-end or Year-end). Total of Debit & Credit sides of
Trial should match, otherwise it's incorrect.
| Is This Answer Correct ? | 13 Yes | 3 No |
Answer / sangeeta
Trial Balance is showing the closing balance of all ledger
a/c.
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / bhaskar.d
It is a statement showing closing debit and credit balances
of all ledger in double entry book keeping, purpose to test
equality in balances
| Is This Answer Correct ? | 7 Yes | 4 No |
Answer / nitika
TRIAL BALANCE WO BALANCE HAI JO SABHI LEDGER KI DEBIT OR
CREDIT AMOUNT KO SHOW KERTA HAI OR P&L A/C , BALANCE SHEET
BANANE ME USE HOTA HAI. ISKI HELP SE WHOLE YEAR KA G.P ,
N.P KA PTA LAGAYA JATA HAI.
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / hemanta behera
Trial Balance is the balance to show all account balance in
differend book .just life purchase book,sales book
| Is This Answer Correct ? | 9 Yes | 9 No |
Answer / 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 |
Answer / dayanand
It is a statement showing closing debit and credit balances
of all ledger in double entry book keeping, purpose to test
Arithmetical accuracy.
It will to preparation of p&L & Balance sheet.
It prepaired in a weekly once or monthly,or half yearly,or
yearly once it depending upon management.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / sajjad1
Trial Balane is a list of nominal accounts contain in the
ledger of company is prepared to check the equilty between
dr and cr side
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / vasudev b.k
It is a complete transaction of a company for a particular
year or a specified period.....
| Is This Answer Correct ? | 0 Yes | 0 No |
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why closing balance do not come in trial balance?if it is in which case it comes?
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