Question :
A) Monthly
B) Annually
C) Half yearly
D) Any of the above
Answer : D
Trial balance is prepared on ________ basis
A) Monthly
B) Annually
C) Half yearly
D) Any of the above
Answer : D
Description :
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.
Related Questions - 1
We can see list of Memorandum Vouchers from
A) Cash/Bank Books
B) Exception Reports
C) Accounts Books
D) Trial Balance
Related Questions - 2
Which option is used in Tally to close opened Company
A) Alter
B) Shut Company
C) Create Company
D) Select Company
Related Questions - 3
Which reports are prepared monthly in Tally?
A) Profit ; Loss A/C
B) Balance Sheet
C) Trial Balance
D) Cash Flow of Funds Flow
Related Questions - 4
Which option lists inventory valuation method in tally
A) Stock report
B) Stock journal
C) Stock analysis
D) Stock summary
Related Questions - 5
Manufacturing Journal creates based on
A) Journal
B) Receipt Note
C) Stock Journal
D) Purchase Quotation