Question

trial balance is a part of double entry system ?if yes then why .

Answer 1

hey!
Yes trial balance is a part of double entry system..
REASON - trial balance is maintained after ledger and ledger is prepared after journal as we know very well mah frn that Journal is a part of double entry system so indirectly trial balance is a part of double entry system.
HOPE IT HELPS UHHHH! :)

Answer 2

A trial balance is a list of all the general ledger accounts (both revenue and capital) contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance. The debit balance values will be listed in the debit column of the trial balance and the credit value balance will be listed in the credit column. The trading profit and loss statement and balance sheet and other financial reports can then be produced using the ledger accounts listed on the same balance.
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