Trial balance is prepared on ________ basis
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 reports are prepared monthly in Tally?
To create Manufacturing Journal which option must be activated
‘Allow components list details (Bill of Materials)’ option is activated for
Which option is used to view Stock Items or Group Summary
Which of the following is compulsory to create while entry in Accounts with Inventory