Question

trail balance is called as​

Answer 1

Explanation:

Trial Balance is called “trial balance” because it is the first step towards preparing the Financial Statements of an entity. It is generally used to check if all the entries have been passed and there are no errors in the books

Answer 2

Answer:

✒✒A trial balance is a report that shows the total of all your business's accounts, its assets, liabilities, income, costs and capital, as at a given point in time.

The trial balance is called a 'trial balance' because there will always be equal sums on the debit and credit sides of your trial balance.

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