Question

mention the types of preparing the trial balance

Answer 1

A trial balance is a statement of debit and credit of various ledger account which is prepared to check their arithmetical accuracy. Trial balance is a statement not account or the financial statement. It aids to prepare the final account. There are three types of trial balance:

1. Unadjusted trial balance
2. The adjusted trial balance
3. The Post-Closing trial balance

There are two types of preparing the trial balance:
1. By total method
2.By balance method

Answer 2

$\huge\colorbox{blue}{Answer}$

Top 2 Methods of Preparing Trial Balance (With Specimen)

• Total Method: In this method, ledger accounts are not balanced. They are totaled. These totals are entered in the debit and credit columns. ...
• Balance Method: Under this method, the closing balances of ledger accounts are tabulated in a separate statement. The brought down balances are brought to this statement.