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

Assignment Help:
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.

Related Discussions:- Explain the term “trial balance” and its needs, accounting

Limitation of the financial accounting, Limitation of the Financial Account...

Limitation of the Financial Accounting. There much limitation can be considered in case of the Financial Accounting but here we are discussing the main two limitations  It re

What is bond premium and face value of bond, Defining of bond premium in te...

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

#mean, when is mode illdefined

when is mode illdefined

QT, Following is the trend equation for a time series data on a monthly bas...

Following is the trend equation for a time series data on a monthly basis for years 2007 to 2009: Y=2.375+0.895X. Find Y for 2nd quarter of 2010.

Comparing Two Samples, Ask qComparing Two Samples: 1. Apply the function "p...

Ask qComparing Two Samples: 1. Apply the function "plot" to the formula that relates the response "frequency" to the explanatory variable "march2007" in order to produce the two bo

Hypothesis the basic short-run and long-run, In reguards to the airlines in...

In reguards to the airlines indusry, provide a minimum of 300 words for each statement. plus atleast 3 academic resources. 1. hypothesis the basic short-run and long-run behavio

Probability distribution, In a mathematics examination the average grade wa...

In a mathematics examination the average grade was 82 and the standard deviation was 5. all students with grade from 88 to 94 received grade of B. if the grade are approximately no

develop simulation model-compute average amount, Bob Smith recently comple...

Bob Smith recently completed his MBA and accepted a job with a computer company. To ensure that his retirement is comfortable, he intends to invest $3,000 of his salary into a tax

Linear power supply, LINEAR POWER SUPPLY (JPG) The Goodwill GPC3030D pow...

LINEAR POWER SUPPLY (JPG) The Goodwill GPC3030D power supply is an example of a linear power supply. Discoveries that were made in researching this power supply are things such

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