Interested to Buy Any Domain ? << Click Here >> for more details...
What is the meaning of Trial Balance.
- 3 Answers
- 6534 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / shalaka chavan
Trial balance means the list of closing balance of all
accounts.
| Is This Answer Correct ? | 14 Yes | 1 No |
Answer / ameet narayankhedkar
A trial balance is a list of all the General ledger accounts
(both revenue and capital) contained in the ledger of a
business. This list will contain the name of the nominal
ledger account and the value of that nominal ledger account.
The value of the nominal ledger will hold either a debit
balance value or a credit balance value. The debit balance
values will be listed in the debit column of the trial
balance and the credit value balance will be listed in the
credit column. The profit and loss statement and balance
sheet and other financial reports can then be produced using
the ledger accounts listed on the trial balance.
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / sukanta
Trial balance means to know accuracy of the accounts.
| Is This Answer Correct ? | 0 Yes | 2 No |
Where do we create House banks and what is the process in sap fico
what should by the journal entries for tds payble
This is a new company & Cst Purchase occured.If I send C Form to Sundry Creditors Then What is the Procedure to collect C Form from sales tax department.
How to define employee as supplier
I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary
0 Answers College School Exams Tests,
Do you know how many types of business transactions are there in accounting?
explain me what steps would you take to increase revenue for this company?
Tell me what is tally accounting?
What and How to compute an unsecured balances?
explain the relevance of closing stock account in trading a/c when preparing the gross profit?
what is ratio analysis
why should be mention capital in liabilities side
Audit 
