What is Trial Balance?
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Answer / dc
check this... u'll get the best answer... http://hubpages.com/hub/Trial-Balance
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Trial bal. is a summery or list of all account balances. It is like a statement which tally its debit bal to credit bal.
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Answer / vinod patil
Trial balance is the list of Debit & Credit Balances of all
ledger accounts as on particular date.
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Answer / kamini
At the close of an accounting period, the transactions posted in the ledger are added up. A test or trial balance sheet is prepared with assets on one side and liabilities and capital on the other. The two sides should balance, which would prove the acccuracy of your records.
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Answer / mona sinha
TRIAL BALANCE IS A STATEMENTCONTAINING BALANCES OF ALL THE
LEDGER ACCOUNT..
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Answer / mathew
Trail balance is list of accounts with details of ledger and balance
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Answer / madalisha tomar
A basic rule of double-entry accounting is that for every
credit there must be an equal debit amount. From this
concept, one can say that the sum of all debits must equal
the sum of all credits in the accounting system. If debits
do not equal credits, then an error has been made. The trial
balance is a tool for detecting such errors.
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Answer / sankaramma
trial balance is nothing but debit balance is equal to
credit balance
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Answer / arjun
Trail balance is the statement containing the balances of
all ledger accounts at any given date arranged in the form
of debit and credit columns
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Answer / prosper akpavi
trial balance is a statement, contain balance of each
ledger in two column namely debit and credit which shows
closing balance standing to account on particular
date ,prepared for particular date or period for checking
accuracy of the transaction entered.
| Is This Answer Correct ? | 1 Yes | 1 No |
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