Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / james e
I think the question need to be as TRAIL BALANCE and not
trail balance sheet.
A bookkeeping worksheet in which the balances of all
ledgers are compiled into debit and credit columns. A
company prepares a trial balance periodically, usually at
the end of every reporting period. The general purpose of
producing a trial balance is to ensure the entries in a
company's bookkeeping system are mathematically correct.
Preparing a trial balance for a company serves to detect
any mathematical errors that have occurred in the double-
entry accounting system. Provided the total debts equal the
total credits, the trial balance is considered to be
balanced, and there should be no mathematical errors in the
ledgers.
However, this does not mean there are no errors in a
company's accounting system. For example, transactions
classified improperly or those simply missing from the
system could still be material accounting errors that would
not be detected by the trial balance procedure.
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
The cost equation y= $0 + $1.60x represents which type of cost? Variable, Fixed, or Mixed
How is the expenditure of developing a modified product treated?
define holding company,public company, if the compnay be a public company what will the criteria? asked on 30/7/09
what is finance what is bpo why do u want join a BPO types of process in BPO Company's
1. what is debenture? 2.Why company will issue shares? 3. What is audit? 4. What is the role of finance department? 5. What is mutual fund?
what is the scenario of multi-org setup?
what is Accounting Standers?
what is organic profit? and how it is calculated?
please give me a last 10 years sbi clerk question and answer paper
Which entry we pass self entry like cash withdraw for ourself
company's total overhead expense is containing which are the expenses? Definition of overhead expense.
How can i get GR form (GR No.) for Exports ? please give me a link of website with steps ?
what is the difference between cash flow and funds flow
For how long should prepayments be carried in the books as fictitious asset and when is it ideal for a new coy to pay tax
hai everybody... wish u all the best for those who got selected in sbi associate bank is anyone from coimbatore region attending on 27th may 2009.
