What is trail balance? how is it prepared? explain.
Answers
Answered by
0
it is a statement of all debits and credits in a double entry account book with any disagreement indicating an error
Answered by
2
Trail Balance is a statement of all debits and credits in a double entry account book with any disagreement indicating an error. It is usually prepared at the end of an accounting period to assist in the drafting of financial statements.
Similar questions