A trial balance is a ________
Trial balance is a list of ledger accounts balances, showing debit balances and credit balances, separately on a certain date. Trial balance is only a statement not an account. Every transaction has equal debit and credit aspects so that the trial balance possesses equal debit and credit balances. Preparing trial balances periodically will help you to fix errors as soon as it happens.
संबंधित प्रश्न (Related)
Which of the following is the example of external users of accounting information
Which of the following is not compulsory to create while entry in Accounts with Inventory
Party account can be created through
Which of the following is compulsory to create while entry in Accounts with Inventory
Which of the following is used for voucher entry?