What is trial balance, Project Management

Assignment Help:

What is Trial Balance?

Trial Balance:

After posting each and every journal entries within the ledger, a statement termed as trial balance is prepared to check the accuracy of postings within the ledger. This Balance checks the arithmetical accuracy of the entries. This is simply a list of the accounts and their balances at any specified date. This is used to test the equality of balances since at any time the debits and credits must be equal into value. Besides checking the accuracy of postings within the ledger, the trial balance gives the material for formulating financial statements as like Profit and Loss Account and Balance Sheet.


Related Discussions:- What is trial balance

What is a project, Q. What is a project? The term project appears to be...

Q. What is a project? The term project appears to be a buzzword that means a lot of different things to different people. Anything for instance from a secretary's "project" to

Develop a project concept, • Develop a project concept. Find a stakeholder ...

• Develop a project concept. Find a stakeholder who will act as sponsor for the project. Outline the business problem that the system is intended to address, and establish an initi

Implementation risks in cost of quality approaches, I mplementation risks ...

I mplementation risks There    are    many    problems   which    have   caused    the    cost-of-quality approaches to fail. It is unwise to achieve too much too fast. For ex

Stages involved in the formal/rational approach to strategy, RF and JT are ...

RF and JT are both former international rugby players who, when they retired, formed their own business, WFH Trading Company.  The company that they established initially manufactu

Caselet, what action should be taken by various functioal managers to meet ...

what action should be taken by various functioal managers to meet the scheduled dates

Cobit, compare cobit 4.1 with cobit 5

compare cobit 4.1 with cobit 5

What is dummy activity in job operation of a project, What is dummy activit...

What is dummy activity in job operation of a project? Dummy Activity: All projects consist of a number of job operations or tasks that are termed as activities. An activi

How to measures cost of defects for the product, Business losses per defect...

Business losses per defect that happens during operation Business interruption costs; costs of work-arounds Lost sales and lost goodwill Litigation costs resulting from de

Benefits of quality, B enefits of quality The benefits of quality in p...

B enefits of quality The benefits of quality in project performance are: C ustomer satisfaction: is the result of a quality product or project. If customers requirem

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