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)
Company Restore option is available in
Which option is used to make changes in created Groups of Ledgers in Tally
Which file in tally is used to record the import activity
The options ‘use common narration’ and ‘narration each entry’ appear
Which key is used to post entry in Debit Note in tally
Promoted Content