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  • INTERVIEW QUESTIONS ACCOUNTS FINANCE DETAILS
    Question :
    What is Trial Balance?
    Category Finance Interview Questions
    Rating (0.4) By 1464 users
    Added on 9/15/2009
    Views 1639
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    Answers:

    It is statement of balances of all the accounts in the ledger prepared to prove the arithmetical accuracy of the books of accounts.



    A trial Balance is a list of Debit and Credit or a list of Debit & Credit Balance of all the ledger accounts prepared on any particular date"



    Posted by: Prof. ABDUL WAJID.K.    

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    All business periodically tabulate the debit and credit balance seperately in a statement to see whether the total of debit balances agrees with the total of credit balances or not.such a statement is known as trial balance.



    Posted by: Anamika Saboo    

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    A trial balance is a list of all the nominal ledger (general ledger) accounts contained in the ledger of a business. This list will contain the name of the nominal ledger account and the value of that nominal ledger account.



    Posted by: Jeeva.S    

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    trail balance is a one of the normal data collecting of business it deals with debit and credit of at present position.



    Posted by: dvr    

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    A Trial balance is a statement consists of direct & Indirect expenses, Incomes and Liabilities and Assets which is the source for preparation of the Balance Sheet.



    Posted by: Srikanth Reddy    

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    What is Trial Balance?


    It is statement of balances of all the accounts in the ledger prepared to prove the arithmetical accuracy of the books of accounts.


    A trial Balance is a list of Debit and Credit or a list of Debit & Credit Balance of all the ledger accounts prepared on any particular date"



    Posted by: samba siva rao     

    Contact samba siva rao Contact samba siva rao

    it is statement it is prepare from ledger balance it is prepared on a date when total of debit side and total of credit side is equal then we say trial balance is agreed when trial balance is agreed then we say recording in journal posting in ledger and balancing of ledger is airthmetically correct .



    Posted by: Ajit Aryan (birouli)    

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    Trial balance is the summarized statement of all accounts( entered in ledger)arranged in vertical form.



    Posted by: chinnu8    

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    A trial balance is a list of all the nominal ledger (general ledger) accounts contained in the ledger of a business. This list will contain the name of the nominal ledger account and the value of that nominal ledger account.



    Posted by: surendra goswami    

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    Trial balance is a statement containing the balance of all ledger accounts arranged in the fom of debit and credit items



    Posted by: vinodkumar    

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    trial balance is a statement it containing the varies ledger balances per a particular date



    Posted by: venkatanarayana    

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