Question

on which basis,trial balance is prepared?​

Answer 1

Explanation:

• The trial balance is prepared after posting all financial transactions to the journals and summarizing them on the ledger statements.
• The trial balance is made to ensure that the debits equal the credits in the chart of accounts.

Answer 2

Answer:

The trial balance is prepared after posting all financial transactions to the journals and summarizing them on the ledger statements. The trial balance is made to ensure that the debits equal the credits in the chart of accounts.