Answer Posted / sirajunisha

There are three methods for the preparation of Trial Balance;
1. Total or Gross Trial Balance.
2. Balance or Net Trial Balance.
Under the Total or Gross Trial Balance, the two sides of all
the ledger accounts are totaled up. Thereafter, a list of
all the accounts is prepared in a separate sheet of paper
with two "amount" columns on the right-hand side. The first
one for debit amounts and the second one for credit amounts.
The total of debit side and credit side of each account is
then placed on "Debit Amount" column and "Credit Amount"
column respectively of the list. Finally, the two columns
are added separately to see whether they agree or not. This
method is generally not followed in practice.
Under Balance or Net Trial Balance, first of all the
balances of all ledger accounts are drawn. Thereafter, the
debit balances and credit balances are recorded in "Debit
Amount" column and "Credit Amount" column respectively and
the two columns are added separately to see whether they
agree or not. This is the most popular method and generally
followed.
The various steps involved in the preparation of "Balance
Trial Balance" are:
a) Find out the balance of each account in ledger.
b) Write up the name of account in the first column.
c) Record the account number in second column.
d) Record the debit balance of each account in Debit column
and credit balance in credit column.
e) Add up the debit and credit columns and record the totals.

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