Question

Name any two methods of preparing the trial balance.

Answer 1

Two methods of preparing trial balance are :  

(1) Total Method, (2) Balance Method.

1. Total Method:

Ledger accounts aren't balanced. They are averaged.  

Those totals are entered in debit and credit columns.  

Grand total of debit column is equal to total of credit column.

2. Balance Method:

Closing balances of ledger accounts are calculated in separate statement.  

Brought down balances are brought to this statement.

All debit balances are shown in debit column and all credit balances in credit column.

Answer 2

Explanation:

prepartion of trail balance