trail balance prepare karna ke easy way batao.
Answers
The four basic steps to developing a trial balance are:
Prepare a worksheet with three columns. ...
Fill in all the account titles and record their balances in the appropriate debit or credit columns.
Total the debit and credit columns.
Compare the column totals
Answer:
Preparation of Trial Balance
Preparation of trial balance is the third step in the accounting process. First, we record the transactions in the journal. And then we post them in the general ledger. Then we prepare a trial balance to verify that the debit totals equal to the credit totals. Let us take a look at the steps in the preparation of trial balance.
Learn more about Objectives and Limitations of Trial Balance here
To prepare a trial balance we need the closing balances of all the ledger accounts and the cash book as 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.
Then prepare a three column worksheet. One column for the account name and the corresponding columns for debit and credit balances.
Fill out the account name and the balance of such account in the appropriate debit or credit column
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
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