Question

(b) Is it compulsory to prepare the Trial Balance ? Discuss.​

Answer 1

Answer:

Trial balance is prepared with the help of ledger accounts, cash book and bank book. It is compulsory for every business firm to prepare trial balance because without preparing the trial balance, it is not possible to prepare final accounts.

Answer 2

Answer:

Trial balance is prepared with the help of ledger accounts, cash book and bank book. It is compulsory for every business firm to prepare trial balance because without preparing the trial balance, it is not possible to prepare final accounts.