CBSE Class 11-commerce Answered
Is
trial balance a statement or an account?
Asked by Topperlearning User | 01 Jul, 2016, 03:14: PM
Expert Answer
Trial balance is a statement which is prepared with the debit and credit balances of the ledger accounts to check the arithmetic accuracy of the books. It can be prepared on any date. While preparing the trial balance, all accounts are considered. These ledger accounts except cash and bank balances are taken from the ledger.
Answered by | 01 Jul, 2016, 05:14: PM
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