What is trial balance, Project Management

Assignment Help:

What is Trial Balance?

Trial Balance:

After posting each and every journal entries within the ledger, a statement termed as trial balance is prepared to check the accuracy of postings within the ledger. This Balance checks the arithmetical accuracy of the entries. This is simply a list of the accounts and their balances at any specified date. This is used to test the equality of balances since at any time the debits and credits must be equal into value. Besides checking the accuracy of postings within the ledger, the trial balance gives the material for formulating financial statements as like Profit and Loss Account and Balance Sheet.


Related Discussions:- What is trial balance

Evaluate cost estimation, Prepare a 1-page Cost Estimate in MS Excel for th...

Prepare a 1-page Cost Estimate in MS Excel for the project similar to the example provided below. Use the WBS items provided below, and be sure to document assumptions you make in

Purpose of automated storage and retrieval systems, Purpose of Automated St...

Purpose of Automated Storage and Retrieval Systems The main purposes of installing ASRS are as follows: 1. Increase Storage Capacity : ASRS ordinarily  increase the  stora

Create a 2-level wbs and apply project-management skills, A project to remo...

A project to remodel an office area has the following activities. (Hint: You will need to build an AIB diagram, perform a forward pass, and perform a backward pass to answer this q

What do you meant by change of scope in a project, Question: (a) (i) Wh...

Question: (a) (i) What do you meant by "a change of scope" in a project? (ii) Unplanned changes (for e.g, unplanned expenses) might occur during the implementation phase of

Network, charateristics of a good network

charateristics of a good network

Project approches, Describe your approach to tracking a project?

Describe your approach to tracking a project?

Explain the scoring method for project selection, Question 1: Explain t...

Question 1: Explain the Scoring Method for project selection a) Un-weighted 0-1 factor method and Weighted factor scoring method b) Show the algorithm for solving the sh

Objectives of a procurement system, Question 1: (a) Enumerate five obje...

Question 1: (a) Enumerate five objectives of public procurement systems contained in the UNCITRAL Model Law on Procurement of Goods and Construction. (b) Compare and c

Too much too soon, What is operational and behavioural symptoms

What is operational and behavioural symptoms

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd