Accountancy, asked by shubhampipada77, 1 year ago

Explain the points of errors of trial balance?

Answers

Answered by PiyushSinghRajput1

Preparing a trial balance for a company serves to detect any mathematical errorsthat have occurred in the double-entry accounting system. If the total debits equal the total credits, the trial balance is considered to be balanced, and there should be no mathematical errors in the ledgers.

Previous Question

Next Question

Similar questions

Accountancy, 7 months ago

one mark question why new ratio is required on retirement of a partner...

Math, 7 months ago

find the area of a trapezium whose parallel sides are 38.7 cm and 22.3 cm and the distance between them is 16 cm...

Social Sciences, 7 months ago

2. Highlight any three social evils of Indian society related to women. 3. Describe any three main contributions of Swami Dayanand Saraswati as a social reformer. 4. Differentiate between the Anglicist and the Orientalist. 5. Evaluate the efforts made by Indian leaders to improve Indian education.

Math, 1 year ago

the side of a square (5 a - 2b )find its area...

Hindi, 1 year ago

find two upsarg in पुनर्जागरण, पुनर्निर्माण, प्रत्यवेदन,...

Social Sciences, 1 year ago

Please immediately give the photo of ecosystem with explanation please.. humble request. ....,...

Geography, 1 year ago

The central location of India at the head of the Indian ocean is considered of great significance. Why?

Science, 1 year ago

Calculate the amount of work done to carry 4c of charge from a point at 100v to a point at 120v...