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

Bond premium cycle, Bond premium cycle The excess of the price for which a ...

Bond premium cycle The excess of the price for which a connection is acquired or sold over its face value resulting from a disparity connecting the market rate of interest and the

Histograms, The skewness is a measure of asymmetry and it is positive at 0....

The skewness is a measure of asymmetry and it is positive at 0.15 meaning that it is greater than zero which reveals that the tail extends to the right slightly indicating the dist

Cash flow, A business starts out with a cash balance of £1,000. It then mak...

A business starts out with a cash balance of £1,000. It then makes the following transactions: Buys inventory on credit for £500 Sells a non-current asset for £100 cash Sells goods

Online homework, I need help with online accounts homework.

I need help with online accounts homework.

What is appropriate and parametric statistical procedure , Questions 1....

Questions 1.  What would be the appropriate statistical procedure to test the following hypothesis:  "Triglyceride values are a good predictor of weight in obese adults." 2.

Why Agency code is useful, Why Agency code is useful The four personality n...

Why Agency code is useful The four personality number code allocated by the Workplace of Economical Control to select the unique business models of condition. Organization requirem

#title. .decision tree, Assume that you have a client that is a paper manuf...

Assume that you have a client that is a paper manufacturer and they have expressed concern that the government will pass a new regulation banning the use of chlorine-based technolo

Use this information to construct the 90% and 95% confidence, From random s...

From random sample of 48 days in a recent year, U.S. gasoline prices had a mean of $3.63. Assume the population standard deviation is $0.21?

Stat 2331 intro, Textbook The basic practice of statistics, 5th Edition b...

Textbook The basic practice of statistics, 5th Edition by David S. Moore; Freeman EX:14.37, 14.38, 14.39, 17.5, 17.28a

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