state the meaning of a trial balance?
Answer (1)
15th Jan, 2021
Dear student,
A trial balance is a booklike or note like worksheet in which the balance or total number of ledgers are compiled into debit and credit account column totals that are equal.
A company prepares atrial balance periodically, usually at the end of every reporting period or it is prepared after balancing all the accounts of ledger therefore there are two columns in a Trial Balance - debit and credit.
A trial balance is a booklike or note like worksheet in which the balance or total number of ledgers are compiled into debit and credit account column totals that are equal.
A company prepares atrial balance periodically, usually at the end of every reporting period or it is prepared after balancing all the accounts of ledger therefore there are two columns in a Trial Balance - debit and credit.
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