Question

Features of characteristics of a trial balnce

Answer 1

- It is a list of balance of all ledger accounts and the cash book.
- It is neither a part of double entry system, nor does it appear in the actual books of accounts, it is just a working paper.
- It is prepared to check the arithmetical accuracy of the ledger accounts.

Answer 2

Here is your answer.......

1.It is a list of balance of all ledger accounts and the cash book.
2.It is just a statment,and not an account.
3.It is neither a part of double entry system.
4.It is always prepared on a particular date and not for a particular period.
5.It is prepared to check the arthimetical accuracy of the ledger accounts.
6.If the books are arthik ethically accurate,the total of all debit balance of a trial balance will be equal to the total of all credit balance.