Answer / k.pushpaveni

The trial balance, as in the double entry system, the sum
of all debits in the ledger should necessarily be equal to
the sum of all credits balances of accounts. A trial
balance is a two column schedule(Debit column in the left
hand side and credit column in the right hand side) listing
the names of balances of all the accounts in the order in
which they appear in the ledger. the total accounts of the
two columns do not agree there must be some errors and
steps should be taken to rectify the errors so that
ultimately the totals of the two columns agree

Answer / srinivas annavarapu

Trial balance is a statement of the list of Existing
accounts in a particular business for a particular period
which shows the closing balances in respective colour
(debit & credit).

It also indicates the arithmatical accuracy of the accounts
maintained.

Answer / b.krishnaiah

it is a statement which contains all ledger account values.

Answer / janardhan.

Trial balance is contains the balances of ledger for
particular period. It gives accuracy of mathematical values
to every amount.

Answer / viyom

a trial balance is a list of all the general ledger
accounts contained in the ledger of business

Answer / meenakshi

trail balance is statement, which shows the debit and credit balances of all the accounts,and if there is any difference in the debit and credit balances we show that amount in suspense account.

Answer / irosh chandika fernando

A Trial Balance is a list of all the Balances of ledger
accounts prepared at given date to check the arithmetical
accuracy of the accounting entries.

Theoretically at any time, the total of debit balances
should be equal to the total of credit balances and in such
manner one could check the arithmetical accuracy of the
ledger accounts.

Answer / mannan

Trail Balance is closing balance of all Ledger account

Answer / mohammed lateef

Trial balance is nothing but a statement of all the ledger
accounts to test their arithmetical accuracy.

Answer / khazi raza mohammed

Trail balance is nothing but a list of Debit and Credit balances, taken out from the Ledger....

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