Question

what are the rules involved in rectification of errors while at the time of preparing trial balance, before preparing trial balance, after preparing trial balance and at what cases we should give journal entries as well as we should give explanation in sentence please explain ​

Answer 1

Answer:

Explanation:

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