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Answer Posted / jitu
the steps wise prepare the trial balance:
For each ledger account -- Cash, Accounts Payable, etc. --
total your credits and debits.
If the credit total is larger, subtract the debit total
from the credit total to get your ledger account total
which goes in the credit column of the trial balance
If the debit total is larger, subtract the credit total
from the debit total to get your ledger account total which
goes in the debit column of the trial balance
Put the ledger account total in the credit or debit column
of your trial balance (as identified above).
When you have debit or credit totals for each ledger
account, add all of your credit totals to get a credit
grand total.
Add all of your debit totals to get a debit grand total.
This is your trial balance.
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