Business Studies, asked by jackiejollyj, 4 months ago

. Define trial balance. Discuss the objects, limitations and methods of preparing a trial

balance.​

Answers

Answered by SamarendraDas143
3

Answer:

Basically, it is an account that lists the closing balance of each account on the respective debit or credit side. One of the main objectives of the trial balance is to ensure that the total of all debits equals the total of all the credits. Preparing the trial balance is the third step of the accounting process.

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