What is the purpose of making a trial balance

Answers were Sorted based on User's Feedback



What is the purpose of making a trial balance..

Answer / satyaki_raju@yahoo.com

In the accounting process transactions will be
journalised,posted in ledgers according to the
clasifications, after that balancing of ledger accounts
will be made.After the end of the process before preparing
Final accounts it is the duty of the accountant to satisfy
him self about the correctness of the posting amounts and
the balances. To know the arthimatical accuracy of the
accounts the accountant will prepare Trial Balance which
will help him to check the accuracy of the the accounts

Is This Answer Correct ?    7 Yes 1 No

What is the purpose of making a trial balance..

Answer / tyagraj

To know the arithmetic accuracy of books

Is This Answer Correct ?    3 Yes 0 No

Post New Answer

More Accounting AllOther Interview Questions

whts is the meaning of over cost and under cost, what is difference ?

0 Answers  


Why you want to chage the current job in 8 months time?

4 Answers   OPI Global,


EXPAND_________WS&SB

1 Answers  


Hi guys, Could anybod tell the what is journal entry when the internal order(rea) is settled?

1 Answers  


what is brs and why is it perpared?

4 Answers   BoA,






A crushing unit blasted 1650Mts in the month of March 2009. The rate of Royalty to be paid is rs 35/- Per MT. Advance royalty was paid rs 250000/- on 1-3-2009. pass journal entries from the advance royalty

0 Answers  


1st round is easy writing about 'A day without my cell phone' and 2nd rd is aptitude, 3rd rd is typing test and 2rds are technical and hr ...

2 Answers   iGate,


3. In reviewing Corporate equity on a balance sheet, what effect be included in the description “Total Capital Stock” a) Par value of preferred b) Par value of common c) Paid in Capital excess of par value d) Both (a) and (b)

2 Answers   FactSet Systems,


Answered but misspelled pl correct ACCOUNTIN EQUATION =ASSETS-LIABILITIES= (ANS.SRENOWYTIUEQ)

2 Answers  


What is TDS entry for a Firm? as previous years TDS is shown as opening balance in the books of the firm in current year and i don,t want in C.Y as its claimed in the Computation of Previous Years???? So what is the A/C ing entry

0 Answers  


What is DECR And for wt it is used?

0 Answers   Red Cross,


What is the Entry for Call in arrears?

6 Answers   Syntel,


Categories