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What is Trial Balance?
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Answer Posted / m.s.s.v.sri kumar
Trial balance is a statement which is prepared to check the
arthematical accuracy of the accounts.
It will be prepared with the help of balances of different
accounts in ledger. or It can be prepared based on following
principle.
Debit: All expenses, losses and assets
Credit: All Incomes, gains and liabilities
| Is This Answer Correct ? | 154 Yes | 26 No |
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