Sponsored Advertisement
इंडियन गवर्नमेंट एग्जाम प्रेप
Trial balance is prepared on ________ basis
Correct Answer: D
Solution & Explanation
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.
Advertisement
संबंधित प्रश्न (Related)
Which option is used to move from one company to another when more than one companies are open
‘Inventory books’ is used to view
Retained Earnings is an alias of
Which menu appears after starting Tally for the first time
Where do we record interest received, commission received or rent received in Tally
Promoted Content