Question

Enumerate the steps to be taken in the preparation of journal

Answer 1

PREPARATION FOR TRIAL BALANCE :

1. To prepare a trial balance we need the closing balances to all the ledger and cash book as well as bank book.
2. Then prepare a three column worksheet.
3. Fill out the account name and balance of such account in the appropriate debit or credit column.

Answer 2

PREPARATION FOR TRIAL BALANCE :

To prepare a trial balance we need the closing balances to all the ledger and cash book as well as bank book.

Then prepare a three column worksheet.

Fill out the account name and balance of such account in the appropriate debit or credit column.