Question

5. A trial balance is prepared with the help of
A trading account B Ledger balances C Balance sheet D All of the above​

Answer 1

Answer:

Ledger Balance

Explanation:

Trial Balance is prepared by taking the balances of all ledger account. It is a list of all ledger account. Trial balance is prepared to check the arithmetical accuracy.  If trial balance agrees, it provides the base to prepare the final accounts. Financial statements are prepared using all these ledger balances in the trading, profit & loss account and the balance sheet.