Question

PLEASE solve the problem NO spamm xd​

Answer 1

Answer:

Explanation:

PREPARATION OF TRIAL BALANCE:

A→ To prepare a trial balance we need the closing balances of all the ledger accounts and the cash bookas well as the bank book. So firstly every ledger account must be balanced. Balancing is the difference between the sum of all the debit entries and the sum of all the credit entries.

B→ Then prepare a three column worksheet. One column for the account name and the corresponding columns for debit and credit balances.

C→ Fill out the account name and the balance of such account in the appropriate debit or credit column.

D→ Then we total both the debit column and the credit column. Ideally, in a balanced error-free Trial balance these totals should be the same.

E→ Once you compare the totals and the totals are same you close the trial balance. If there is a difference we try and find and rectify errors. Here are some cases that cause errors in the trial balance:

⇒A mistake in transferring the balances to the trial balance.

⇒Error in balancing an account.

⇒The wrong amount posted in the ledger.

⇒Made the entry in the wrong column, debit instead of credit or vice versa.

⇒Mistake made in the casting of the journal or subsidiary book.

Answer 2

Answer:

Solution :-

[Note :- Please refer that attachment for your answer. ]

★ Extra Information ★ :-

❒ Trial Balance :-

• A trial balance is simply a list of the names and balances of all the accounts in the ledger and cash book listed in the order in which they appear in the ledger.

A Trial Balance contains mainly five columns :

1. Serial Number
2. Heads Of Account
3. Ledger Folio (L.F.)
4. Debit Column
5. Credit Column

❒ Features of a Trial Balance :

1. It is a list of balances of all ledger accounts and cash book.
2. It is not a part of the double entry system of book-keeping.
3. It can be prepared any time during the accounting period.
4. It serves as an instrument for carrying out the job of checking and testing.