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method of preparing the trial balance ?
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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 |
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