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The trial balance cheks:
1)Arithmetical mistake
2)honesty of the book keeper
3) valuation of the closing stock
4) nature of the business
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Trial Balance cheks the arithmetical mistakes of account
becasue accounting follows double entry system which means
Dr side of trial balance should be equal to the Cr side of
trail balance and if it is not match it mmeans there are
any arithmetical mistake in accounts
| Is This Answer Correct ? | 3 Yes | 0 No |
Do you know any other accounting application?
I m entering much more than 500-700 sales vouchers per month. But I m getting a problem while entering sale voucher is that If I have entered a sale voucher in the middle of a date then the voucher no is being changed. So how can enter a sale voucher in the middle of a date so that i can adjust the voucher nos from changing.
journal
what are the tricks in posting trial balance ?
REPORATE
what is the Differed Tax Liability & How it is calculate ?
0 Answers Biocon, Shantha Biotech, Titan Biotech,
Ledger Enteries
0 Answers Chartered Accountant,
Could you tell someting Use's of Trial Balance and where we get the details.
a purchase of Rs.750 from raghubir has been debited to his account.purchase account has been correctly debited.
What is difference between Expense and Expenditure ? Please explain in detail..
8. why the debit balane of p&l a/c shows in asset side of balancesheet
2 Answers ADP, Capital IQ, SED,
purchased a laptop for Rs.50000 and received one calculator costing Rs.1000 for free. Both laptop and calculator (stationery in nature) are meant for office use.What will be the journal entry in the books of both the parties?
Audit 
