How to do a trial balance, Accounting Basics

How to do a trial Balance

                    Particulars

                           Amount Dr.

                      Amount Cr.

In the particulars column we will write all the name of the accounts and in the debit we will write the amount. On the debit we will write all the expenses, all assets and all losses and on the credit side we will write all incomes, all liabilities and all gains and profits. Meaning of Trial Balance T.B is a statement, prepared with the debit and credit balances of the ledger accounts to test the arithmetical accuracy of the books.

Posted Date: 7/26/2012 5:28:00 AM | Location : United States







Related Discussions:- How to do a trial balance, Assignment Help, Ask Question on How to do a trial balance, Get Answer, Expert's Help, How to do a trial balance Discussions

Write discussion on How to do a trial balance
Your posts are moderated
Related Questions
Q. Explain about Accrued liabilities? Accrued liabilities are liabilities not so far recorded at the end of an accounting period. They represent responsibility to make payments

How does contribution margin work?

Q. Show Transactions affecting the income statement? To continue to exist a business must be profitable. This signifies that the revenues earned by providing goods and services

Q. What do you mean by Equities? Assets were described earlier as the things of value owned by the business or the economic resources of the business. Equities are every claims

Which of the following is NOT one of the key requirements for auditor independence? A. Auditors must disclose all other written communications between management and themselv

Provided services on credit to Yamato P/L $5 900. How do we apply this in the t accounts

Having discussed the possibility of accounting and its emerging function, we are currently in a position to illustrates as to who is an accountant. In an attempt to reply this ques

A light truck is purchased on January 1 at a cost of $27,000. It is expected to serve for eight years and have a salvage value of $3,000. Calculate the depreciation expense for t

Assignment on Generally Accepted Accounting Principles

Mohan brothers invoiced goods to their branch at cost plus 33.33%. All the cash collected by branch is banked on the same day to the credit of head office. All expenses are paid by