method of preparing the trial balance ?
Answers were Sorted based on User's Feedback
Answer / priya
A Trial Balance can be prepared in a "Balance Method"
or "Total Amount Method"
1 Balance Method-This method is prepared only when all the
ledger accounts have been balanced.this is the popular
method of preparing Trial Balance
2 TotalAmount Method-the total amount of debititems and
credititems in each ledger are incorporated
Is This Answer Correct ? | 8 Yes | 1 No |
Answer / a.madhu sudhan rao
why we prepare Trial Balance
Because to know the Arithmetic Accuracy of Accounts
In Trial balance we debit all Assets & Expenses
and Credited All Incomes & Liabilities
Is This Answer Correct ? | 8 Yes | 2 No |
Paid the club bills out of his personal funds? state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
How much percentage of discounts lost did you have in accounts payable ?percentage increased or decreased?
why the loss by fire taking in to the credit side of the trading a/c.instead of this is company's loss?
Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance
Expand ________FDI
What is SOX
is India apply IFRS now?
WHAT ARE THE TDS RATES ON VAT IN ANDHRAPRADESH STATE.
WHAT YOU MEAN DEBTOR AND CREDITOR?
Expand I C A I
what is open item managed account?
Sir,I want to be good in accounting .Now i have got an oppurtunity to work in accounts department but i am average in accounts.So how can i improve and work with effiency guide me with ur tips.