Why do we prepare trial balance?
Answers were Sorted based on User's Feedback
FROM THE LEDGER WE PREPARE THE TRIAL BALANCE AND TO GET THE
FINAL A/C WE PREPARE THE TRIAL BALANCE AND IT ALSO INCLUDES
ADJUSTMENTS.FROM THE FINAL A/C WE GET TO KNOW THE POSITION
OF OUR BUSINESS AND WECAN IMPROVE OUR POSITION IN A
COMPETETIVE WORLD.
Is This Answer Correct ? | 32 Yes | 4 No |
Answer / balraj
Trial Balance is prepared to know the Arithmetical Accuracy
of ledger accounts. We can prepare Profit and Loss A/c
(Financial result)and Balance sheet (Financial Position
)based on Trial Balance.
Is This Answer Correct ? | 15 Yes | 0 No |
Answer / suraj
TO KNOW THE ARTHEMATICAL ACCURACY OF THE LEDGER POSTINGS
Is This Answer Correct ? | 13 Yes | 2 No |
FROM THE LEDGER WE PREPARE THE TRIAL BALANCE AND TO GET THE
FINAL A/C WE PREPARE THE TRIAL BALANCE AND IT ALSO INCLUDES
ADJUSTMENTS.FROM THE FINAL A/C WE GET TO KNOW THE POSITION
OF OUR BUSINESS AND WECAN IMPROVE OUR POSITION IN A
COMPETETIVE WORLD.
Is This Answer Correct ? | 11 Yes | 4 No |
Answer / surabhi gupta
Trial Balance is prepared to check the arithmatic accuracy
of the accounts.
Is This Answer Correct ? | 9 Yes | 2 No |
Answer / sohail
trail balance is prepared to know the arithmetic accuracy of hte ledger
Is This Answer Correct ? | 5 Yes | 2 No |
Answer / zubair_glad24@yahoo.com
Hi Every budy
Trial balance will be prepared because there is a rules.
it all done through Accounting cycle
journal, ledger, Trialbalance, Trading&Profit&loss a/c and
balance sheet
so without this Accounting cycle Accounts is incomplete so
we have to prepare through Accounting cycle
Is This Answer Correct ? | 2 Yes | 1 No |
Answer / rupesh
because find out the proper debit balance & credit balance n
prepare a balancesheet
Is This Answer Correct ? | 2 Yes | 1 No |
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