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How to do a trial Balance
Particulars
Amount Dr.
Amount Cr.
In the particulars column we will write all the name of the accounts and in the debit we will write the amount. On the debit we will write all the expenses, all assets and all losses and on the credit side we will write all incomes, all liabilities and all gains and profits. Meaning of Trial Balance T.B is a statement, prepared with the debit and credit balances of the ledger accounts to test the arithmetical accuracy of the books.
Instructions: 1. Using the journal entry sheet provided, record the transactions for January. January is the first full month of operations. 2. After journalizing the transactio
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“Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.” Elaborate and explain why journal is necessary.
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