What is ‘Trial Balance’?

What is ‘Trial Balance’?

Monjur Alahi

4 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

Trial Balance is an abstract or list of all the ledger accounts as on a specified date showing debit total and the credit total of all the accounts or their net balance.

4 views Answered 2023-02-05 15:29

Related Questions

State the accounts which are not considered while preparing the Trial Balance by Balance Method Accounts which do not show any balance are not conside

2 Answers 4 Views

Agreement of Trial Balance always proves accounting accuracy.

2 Answers 7 Views

The trial balance is based on the double-entry principle that for every debit there is an equal amount of corresponding credit.

2 Answers 4 Views

i. Errors that affect the agreement of Trial Balance. ii. Taking the total more while closing books of accounts.

2 Answers 5 Views

i. Error in which the effect of one mistake is nullified by another mistake. ii. Errors that are not disclosed by the Trial Balance.

2 Answers 5 Views

Trial Balance is prepared from the balance of ledger accounts.

2 Answers 9 Views

A Trial Balance can agree in spite of certain errors.

2 Answers 5 Views

There is no need to open a Suspense Account if the Trial Balance agrees.

2 Answers 5 Views

Every item of Trial Balance has only one effect.

2 Answers 9 Views

Can a Trial Balance be prepared under a Single Entry System?

2 Answers 5 Views

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