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What is trail balance

Answers were Sorted based on User's Feedback



What is trail balance..

Answer / guest

A bookkeeping worksheet in which the balances of all ledgers
are compiled into debit and credit columns. A company
prepares a trial balance periodically, usually at the end of
every reporting period

Is This Answer Correct ?    13 Yes 0 No

What is trail balance..

Answer / talha

First of all its not trail balance, it is trial balance.

Is This Answer Correct ?    4 Yes 0 No

What is trail balance..

Answer / anchit saxena

trial balance display equal amounts of debit & credit are
recorded in the books of account. so if all the
transactions have been recorded perfectly we can say that
the total of the debit should be equal to total of the
credit.
all expenses & assets are debit
all incomes & liabilities are credit

Is This Answer Correct ?    3 Yes 1 No

What is trail balance..

Answer / a.swarna devi

A balance of debits and credits in double-entry
bookkeeping; drawn up to test their equality"

Is This Answer Correct ?    0 Yes 0 No

What is trail balance..

Answer / v sakthivel

books come under trial balance

Purchase book
sales book
purchase return
sales return

Is This Answer Correct ?    0 Yes 0 No

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