- World's Largest Collection of Interview Questions
Start Your Own website Now
Sponsored Links

Interview Questions
Our Services

Get 9,000 Interview Questions & Answers in an eBook.

  • 9500+ Pages
  • 9000 Question & Answers
  • All Tech. Categories
  • 14 MB Content

    Get it now !!

    Send your Resume to 6000 Companies

    Question :
    What is Trail Balance?
    Category Accounts Receivables Interview Questions
    Rating (0.4) By 884 users
    Added on 7/21/2010
    Views 1587
    Rate it!

    A List of Balances of A/C'S of Ledgers is called a Trail Balance.

    Trial Balance is prepared to know the accuracy of the ledger accounts and it is help to prepare the balance sheet.

    Posted by: Manojkumar S. H.    

    Contact Manojkumar  S. H. Contact Manojkumar S. H.

    After posting the all accounts in the Ledger a statement is prepared to showing debit and credit balances debit balances must be tally with the credit side balance is called trial balance

    Posted by: Devaraju.R    

    Contact Devaraju.R Contact Devaraju.R

    After posting the all accounts in the Ledger a statement is prepared to showing debit and credit balances debit balances must be tally with the credit side balance is called trial balance

    Posted by: pushpalatha    

    Contact pushpalatha Contact pushpalatha

    Trail balance is a list of ledger accounts balances, its has debit and credit columns and both balances should be macthed or otherwise the Trail balance has an error.

    Debit - All Expenses and Gains
    Credit - All Income and Losses

    Posted by: mohammed Abdullah    

    Contact mohammed Abdullah Contact mohammed Abdullah

    A listing of the accounts in the general ledger along with each account's balance in the appropriate debit or credit column. The total of the amounts in the debit column should equal the total of the amounts in the credit column.

    Posted by: Najmi    

    Contact Najmi Contact Najmi

    This is a statement prepared on a particular day, say at the end of the month, extracted from the various accounts in ledger to check the mathematical accuracy of books of accounts, i.e. the sum total of debit balance must be equal with some total of credit balance, otherwise the books of accounts would not be mathematically correct. It is the source data to prepare the final accounts.

    Posted by: Jiban Bikash Das    

    Contact Jiban Bikash Das Contact Jiban Bikash Das

    Trial balance is the statement which is prepared to check the arithmaticl accuracy of books of accounts.

    Posted by: Avishek Bandopadhyay    

    Contact Avishek  Bandopadhyay Contact Avishek Bandopadhyay

    Trial balance is an important statement prepared under the double-entry system. The fundamental principle of the double-entry system is that for every amount of debit there is equal amount of credit and vice versa.The principle provides a check an arithmetical accuracy of the recording of financial transactions in different books. Such a check can be performed by preparing a statement called trial balance.

    Posted by: G K Renjit    

    Contact G K Renjit Contact G K Renjit

    Trail Balance:
    It is the statement which is made for recording, analysing the financial aspects of the company/firm.
    FYI: Except Closing stock!!
    P/L a/c + Trading A/c + Balance sheet = Trail Balance.

    Posted by: Accounts    

    Contact Accounts Contact Accounts

    "A Trial Balance is a statement of debit and credit balances extracted from various accounts in the ledger with a view to test the
    arithmetical accuracy of the books"

    Posted by: Mohammed Yacoob Shariff    

    Contact Mohammed Yacoob Shariff Contact Mohammed Yacoob Shariff

    Trail balance is a list of balance in the ledger accounts of any Organization as on any day.

    Posted by: Atul Maharao    

    Contact Atul Maharao Contact Atul Maharao


    Posted by: QUASER HUSSAIN SYED    


    If you have the better answer, then send it to us. We will display your answer after the approval.
    Rules to Post Answers in

  • There should not be any Spelling Mistakes.
  • There should not be any Gramatical Errors.
  • Answers must not contain any bad words.
  • Answers should not be the repeat of same answer, already approved.
  • Answer should be complete in itself.
  • Name :*
    Email Id :*
    Answer :*
    Verification Code Code Image - Please contact webmaster if you have problems seeing this image code Not readable? Load New Code
    Process Verification  Enter the above shown code:*
    Inform me about updated answers to this question

    Related Questions
    View Answer
    I am trying to understand the connection between cost structure and contribution margin to make a profit?
    View Answer
    What is full form of SOX ?
    View Answer
    What is the difference between debenture holders and creditors?

    View Answer
    You?ve been asked to prepare a bill for services. What information should be included in the bill?

    View Answer
    What is reconciliation?

    View Answer
    What is the difference between finance and accounts?
    most of the companies having a different section like finance and accounts. why they aren't had only single section neither finance nor accounts?

    View Answer

    Please Note: We keep on updating better answers to this site. In case you are looking for Jobs, Pls Click Here - Best Freshers & Experienced Jobs Website.

    View ALL Accounts Receivables Interview Questions

    User Options
    Sponsored Links

    Copyright ©2003-2015, All Rights Reserved.
    Privacy Policy | Terms and Conditions

    Download Yahoo Messenger | Placement Papers| FREE SMS | ASP .Net Tutorial | Web Hosting | Dedicated Servers | C Interview Questions & Answers

    Testing Articles | Testing Books | Testing Certifications | Testing FAQs | Testing Downloads | Testing Interview Questions | Testing Jobs | Testing Training Institutes

    Cache = 0 Seconds