Accountancy, asked by chintavishwakarma340, 4 months ago

о o
what is Trial Balance ? what
is the objects of Preparing it​

Answers

Answered by rajendradahate151
1

The purpose of a trial balance is to ensure that all entries made into an organization's general ledger are properly balanced. A trial balance lists the ending balance in each general ledger account. The total dollar amount of the debits and credits in each accounting entry are supposed to match.

Answered by Anonymous
0

Answer:

a statement of all debits and credits in a double-entry account book, with any disagreement indicating an error.

Explanation:

The objects of the preparation of Trial Balance are as follows: 1. A Trial Balance provides a good check on the accuracy of the work done in preparing the ledger accounts. When the total of the debit balances agrees with the total of credit balances it is quite a good proof that the ledger accounts have been correctly written up.

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