Accountancy, asked by esther19082002, 6 months ago

trial balance is used to check the accuracy of

Answers

Answered by navyasri11638
1

Answer:

trial balanced is a technique for the accuracy of the debit and credit amounts recorded in the various legender accounts

Explanation:

it is bacially a statement that exhibits the total of the debit and credit balances recorded in various accounts of ledger ..! hope you understood this..!

Answered by steffiaspinno
0

Trial balance is used to inspect the accuracy of financial statements prepared.

Trial Balance is a statement summing up the end closing balance of every ledger account, created with the view to check the arithmetical precision of the posting of the ledger. In the Trial balance, all the balances are posted either on the credit side or the debit side of the main statement. The total debit and credit balance should coordinate with each other, only then it will be arithmetically correct.

Similar questions