Maharashtra State BoardHSC Commerce 12th Board Exam
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A List of Debit and Credit Balances of All Ledger Accounts ? - Book Keeping and Accountancy

A list of debit and credit balances of all ledger accounts ?
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Solution

Trial Balance

Explanation:

A Trial Balance is a statement showing the summary of debit and credit balances of all the ledger accounts. It contains the list of all ledger accounts and their corresponding balances, i.e. debit or credit. It is prepared when the posting and balancing of all ledger accounts is complete.

Concept: Accounting Treatment of Bill - Journal Entries and Ledger
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