What is Trial Balance?

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Question Posted / nandu

73 Answers
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What is Trial Balance?..

Answer / k.v.k.k

A Trial Balance is a statement of ledger account balances
within a ledger,at particular instance.
It's main purpose is to check mathematical\arthimetic
accuracy of accounting.

K.V.K.K

Is This Answer Correct ?

444 Yes

67 No

What is Trial Balance?..

Answer / avi

A trial balance is a list of all the accounts for a period,
to test that the Debits agree with the Credits

Is This Answer Correct ?

227 Yes

41 No

What is Trial Balance?..

Answer / vijaya

trial balance is nothing but the debit balance must be eqal
to credit balance.

Is This Answer Correct ?

336 Yes

168 No

What is Trial Balance?..

Answer / m.s.s.v.sri kumar

Trial balance is a statement which is prepared to check the
arthematical accuracy of the accounts.
It will be prepared with the help of balances of different
accounts in ledger. or It can be prepared based on following
principle.

Debit: All expenses, losses and assets
Credit: All Incomes, gains and liabilities

Is This Answer Correct ?

154 Yes

26 No

What is Trial Balance?..

Answer / chandu

trial balance is consist the ledger balances of all
expenses,revenues,profits and owners accounts i.e
capital,drawings. the main purpose of trail balance is check
the arthamatic accuracy of transactions. this shows the
actual balances of particular accounts.

Is This Answer Correct ?

154 Yes

29 No

What is Trial Balance?..

Answer / jai

closing balance of all ledger a/c

Is This Answer Correct ?

133 Yes

63 No

What is Trial Balance?..

Answer / anuj

A trial balance is a schedule or list of the names and
balances (both debit and credit)of all the accounts
appearing in the ledger including cash and bank balances
from the cash book.

Is This Answer Correct ?

79 Yes

23 No

What is Trial Balance?..

Answer / n. a. siddiquee

Main purpose of trial balance is to check the arithmetical
accuracy, debit and credit is balanced during transaction
posting, and account balance reflects actual circumstance
following accounting principle.

Is This Answer Correct ?

70 Yes

22 No

What is Trial Balance?..

Answer / swapna

Trail balance is a statement containing the balance of
ledger accounts as at any given date, arranged in the form
of debit and credit columns, placed side by side prepared
with the object of checking the arthemetical accuracy of
ledger postings.

Is This Answer Correct ?

64 Yes

18 No

What is Trial Balance?..

Answer / anu

A trial balance is a list of all the accounts for a period,
to test that the Debits agree with the Credits

Is This Answer Correct ?

64 Yes

21 No