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What is Trial Balance?

Answers were Sorted based on User's Feedback



What is Trial Balance?..

Answer / dc

check this... u'll get the best answer... http://hubpages.com/hub/Trial-Balance

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What is Trial Balance?..

Answer / prem nagar

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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What is Trial Balance?..

Answer / vinod patil

Trial balance is the list of Debit & Credit Balances of all
ledger accounts as on particular date.

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What is Trial Balance?..

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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What is Trial Balance?..

Answer / mona sinha

TRIAL BALANCE IS A STATEMENTCONTAINING BALANCES OF ALL THE
LEDGER ACCOUNT..

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What is Trial Balance?..

Answer / mathew

Trail balance is list of accounts with details of ledger and balance

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What is Trial Balance?..

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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What is Trial Balance?..

Answer / sankaramma

trial balance is nothing but debit balance is equal to
credit balance

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What is Trial Balance?..

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

Is This Answer Correct ?    2 Yes 2 No

What is Trial Balance?..

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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