Question

A credit balance of * 86.50 has been debited to Dayanand's a/c *68.05?
​

Answer 1

Answer:

Question 1:

State the meaning of a Trial Balance?

ANSWER:

Trial Balance is a statement prepared with debit and credit balances of all accounts in ledger, to verify the arithmetical accuracy of the accounts. It is prepared after balancing all the accounts of ledger. There are two columns in a Trial Balance: debit and credit. While debit side includes all the debit balances, credit side includes all the credit

Explanation:

Hope it will help