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What is Trial Balance?
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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 |
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 |
Answer / vijaya
trial balance is nothing but the debit balance must be eqal
to credit balance.
| Is This Answer Correct ? | 336 Yes | 168 No |
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 |
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 |
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 |
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 |
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 |
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