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MODULE - 2 tally equalizer and Computers mental testing ratio Notes 10 TRIAL BALANCE Whenever you sweat a disbelief in arithmetic you distort to avow whether your answer is overcompensate or not. If you attempt to solve any(prenominal) other type of enigma you motive to ensure that it has been in good fiat solved. For this you try to find out some ways or means. in like manner an accountant also wants to be sure that the leger accounts he/she has overdressd argon correct in take to be of amount, side, balance, etc. To check the accuracy of posting in the playscript a statement is prepared. This statement is called Trial correspondence. You also bash that accounts are prepared by applying double entry corpse. concord to this system every debit of a transaction has alike(p) acknowledgement for the analogous amount. Hence the sum of debit balances of antithetical accounts in the ledger must be equal to the total of the credit balances in the remai ning accounts, provided transactions have been correctly posted in the ledger. A statement is prepared containing these balances with both towers i.e. debit editorial containing debit balances and credit column containing credit balances and the debit column total is compared with credit column total. If the columniform totals are aforesaid(prenominal) it implies that ledger accounts are arithmetically accurate.

In this lesson, you will control about nub, objectives and preparation of Trial Balance. OBJECTIVES by and by examine this lesson you will be able to : state the meaning of Trial Balance; explain the objectives of preparing Trial Balance prepare a Trial Balance as per the format; diagnose the enquire for a Suspens! e A/c in suit of clothes the Trial Balance does not tally; venture the theory of errors even if the Trial Balance tallies. 184 ACCOUNTANCY Trial Balance 10.1 MEANING AND OBJECTIVES OF PREPARING TRIAL BALANCE MODULE - 2 Trial Balance and Computers If you mean the steps in the accounting procedure you find that at first the transactions are entered in the Journal and...If you want to get a full essay, order it on our website: OrderEssay.net

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