Tamil Nadu Board of Secondary EducationHSC Commerce Class 11th
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What is trial balance? - Accountancy

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Short Note

What is a trial balance?

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Solution

A trial balance is a statement containing the debit and credit balances of all ledger accounts on a particular date. It is arranged in the form of debit and credit columns placed side by side and prepared with the object of checking the arithmetical accuracy of entries made in the books of accounts and to facilitate the preparation of financial statements.

Concept: Introduction of Trial Balance
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APPEARS IN

Tamil Nadu Board Samacheer Kalvi Class 11th Accountancy Answers Guide
Chapter 5 Trial Balance
Very short answer questions | Q II 1. | Page 95
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