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

Time series, Explain how you would decide whether to use the additive model...

Explain how you would decide whether to use the additive model or the multiplicative model to analyse a time series.

Is venus geologically active, Is Venus geologically active? -It is almost ...

Is Venus geologically active? -It is almost certain that Venus, a planet almost of the same size as earth is geologically active. Recent studies show that there is Volcanic and t

STATISTICS, EIGHT definition of statistics and their scholars

EIGHT definition of statistics and their scholars

Construct a cumulative relative frequency plot, Examine the distributions o...

Examine the distributions of weight and height. Are there any outliers? If so deal with them appropriately. Create a new variable that divides weight into groups. Produce a tabl

Accoutning 301, 1. (TCO 8) Planning for capital investments is an importan...

1. (TCO 8) Planning for capital investments is an important function of management. You are responsible for considering purchasing a new exhibit. It would cost $136,000 and have

Calculate the mean and the standard deviation, 1.  Create formulas to calcu...

1.  Create formulas to calculate the normalized (i.e., percentage scores) for each of the quizzes and exams.  The yellow fields depict where these interim calculations are required

Confidence interval, Ask quesA buffalo, your cola distributor is featuring ...

Ask quesA buffalo, your cola distributor is featuring a super-special sale on 12- packs. She wonders where in the grocery store to place the cola for maximum attention. Should it b

Normal distribution, For a normal distribution why do we calculate the prob...

For a normal distribution why do we calculate the probability of a range of numbers instead of the probability of a single number?

Define Betterment, Define Betterment An inclusion created to, or modify cr...

Define Betterment An inclusion created to, or modify created in, an investment resource, other than servicing, that is estimated to improve its predicted useful life or to improve

State appropriate alternative hypotheses, A cognitive psychologists knows t...

A cognitive psychologists knows that concrete words, which easily evoke images (.e.g. "sunset", "truck") are easier to remember than abstract words, but she would like to know if t

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