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

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

Probability.., theorems of probability ..

theorems of probability ..

Pre tax in Statement of Cash Flows, Advanced Equipment leased equipment to ...

Advanced Equipment leased equipment to Richards Chemical, Inc. on 9/30/11. Advanced purchased the machine from Makers, Inc. at a cost of $6M. The 5-yr lease agreement calls for R

Skewness, Skewness It is the comparison of the mean, median and mode ca...

Skewness It is the comparison of the mean, median and mode can reveal information about the characteristics of skewness. Definition The distribution of the data is ske

Bond redemption, Bond redemption The regaining of control of bonds formerly...

Bond redemption The regaining of control of bonds formerly issued by expense of amount due to the owner.

Four characteristics and functions of statistics, highlight four characteri...

highlight four characteristics and four functions of statistics

Fluid mechanics, Find the kinematic and dynamic viscosities of air at a tem...

Find the kinematic and dynamic viscosities of air at a temperature of 189°F and a pressure of 29 psia using Sutherland''s equation and the ideal gas law .

Statistics in plural and singular form, how to deffine statistics in plura...

how to deffine statistics in plural and singilar form

Calculate the average profit, A machine is used for machining of a manufact...

A machine is used for machining of a manufactured product. At the beginning of each business day inspection reveals the machine's condition. There are three possible states: 0, 1 a

Survey statistics, #qa national poll of 1836 respondents indicated that 36%...

#qa national poll of 1836 respondents indicated that 36% support the NDP. Test whether this is sufficient evidence to show that the NDP support has increased since the election. Us

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

Write Your Message!

Name

Email id

Message

Verfication Code

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!

Submit Assignment

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