Explain the term “trial balance” and its needs, accounting, Basic Statistics

Explain the term “Trial Balance” and its needs for an organization.

Ans. A Trial Balance is a statement of summarization of the all the involved ledgers accounts at the end of the particular period or a date in other words the total balances of an individual accounts are written in a summarized statement which is called the Trial Balance.

An organization needs a Trial Balance in order to prepare its Final Financial statement which is Balance Sheets, Profit & Loss Account and a Trading Account etc.
Posted Date: 3/26/2012 1:09:47 PM | Location : United States







Related Discussions:- Explain the term “trial balance” and its needs, accounting, Assignment Help, Ask Question on Explain the term “trial balance” and its needs, accounting, Get Answer, Expert's Help, Explain the term “trial balance” and its needs, accounting Discussions

Write discussion on Explain the term “trial balance” and its needs, accounting
Your posts are moderated
Related Questions
What is a basis point? A base factor is a hundredth (1/100) of an amount factor. Indicated another way, one amount factor is equal to 100 base factors. This means that if an amo

Two components, A and B, are used as follows: normal usage - 50 per week each minimum usage - 25 per week each maximum usage - 75 per week re-order quantity - A:300; B:500 re-order

Defining of bond premium in terms of the amount paid over the face value of the bond. And the amount over and above the Face Value of bond which the purchaser pays is called Bond P

KINDLY ASSIST ME WITH THIS ASSIGNMENT AND FORWARD IT TO ME BY 31 OCTOBER 2013.

Shipping costs on Merchandise sold--it is a variable cost, but is it a selling/adminstrative cost or product cost? Is it direct or indirect?

In a sample of 120 workers in a factory, the mean and standard deviation of wages were Rs. 11.35 and Rs.3.03 respectively. Find the percentage of workers getting wages between Rs.9


explain time series analysis


The  χ 2  test is one of the most popular statistical inference procedures today. It is applicable to a very large number of problems in practice which can be summed up under th