What is Trial Balance?
- 73 Answers
- 120989 Views
- Deloitte, Eye Ads, IPCA, Prajay Chemicals and Engineerings, Siva Shakthi, Sundaram Infotech Solutions, Tata Motors, I also Faced
- E-Mail Answers
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 |
Post New Answer View All Answers
What are the duties, powers and functions of IRDA?
What are G-secs?
What Is Stock Market Management System?
What do the banks do for women empowerment?
What Is Small Business Administration Loans?
Tell about fiscal policy?
What do you know about IRDA and tell some of its functions?
What do you know about Schedule 6?
Share your views on women entrepreneurship?
What is RBI's role in developing the Indian Economy?
What Is Investment Management System?
Give one point of difference between commercial banks and private banks?
What is moratorium?
What Is The Role Of The National Supervisors?
Which act allows the bank and financial institutions to auction the properties when borrower fails to repay the loans?
