Interested to Buy Any Domain ? << Click Here >> for more details...
WHAT IS THE TRAIL BALANCE
- 7 Answers
- 10231 Views
- LG Soft, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / mohsin pervaze. shm
First of all, it is spelled as 'Trial Balance' not 'Trail
Balance'
A trial balance is a statement of ledger account balances
within a Ledger, at a particular instance.
If we balance all the ledger accounts at a particular
instance and then prepare a statement of balances we get the
"Trial Balance".
The purpose of preparing 'Trial Balance' is to check the
mathematical/arithmetic accuracy of accounting.
| Is This Answer Correct ? | 39 Yes | 2 No |
Answer / moti
Mohsin Pervaze. Shm Answer is absolutly correct as well as
sufficient.
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / jitendra kumar mishra
Trail Balance is the summary of balancing figure of ledger
of each transaction and it verify airthemetical accuracy of
ledger.
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / ravinder attri (mba finance)
Trail balance is a statement which contain closing balance
of every ledgers.
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / jagadish
list of all accounts of company for the period is called
trail balance
| Is This Answer Correct ? | 10 Yes | 7 No |
Answer / naresh
trial balance is one which contains the closing balance of
all accounts maintained.In the Trial balance we can see the
accounts maintained.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / shrinivas
Trial balance is a summery of all ledger account balances at
the end of particular period, where debits are equal to redit .
| Is This Answer Correct ? | 1 Yes | 0 No |
How I can evaluate the internal control audit?
Give an example of a time when you had to go out of your way to help someone ?
What would be treatment of insuance claim received when vehicle is damaged and related exp. is already debited to Repair and Main. A/c
What is the motivation to join as an auditor @ Ernst and Young ?
Why did you choose our firm rather than other firms?
How can manage (Recover and Reduce)NPA in Banking Sector?
whether VAT is an asset or liabilities?
What is audit control procedure?
When does contruction company issues C Form to their supplier in case of CST Purchase.
Is bank reconcilation necessary for any organization ? If yes, when should that performed ?
Is it necessary that monthly provision should be exact
What are the different types of audits?
Audit 
