Preparation of trial balance using balance method

Trial balance is a statement that is prepared to make sure that the transactions for a particular period have been duly recorded in the journal and properly posted to the relevant ledger accounts. It has debit and credit columns to record the balances extracted from ledger accounts with a view to test the arithmetical accuracy …

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Preparation of trial balance using total method

Explanation According to total method, the debit side and credit side of ledger accounts are added up. The debit totals are placed in debit column and credit totals in credit column of the trial balance. The total of debit column and credit column should agree. The use of total method of preparing trial balance is …

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Trial balance – MCQs

Take a quick Multiple Choice Questions (MCQs) test about Trial balance. These MCQs can help you to prepare for your exams, interviews and different tests. Just click the “start quiz” button and start trial balance MCQs quiz. If you find difficulty in answering these questions, read ‘Trial balance‘ chapter thoroughly from explanation section of the …

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