What is a Trial Balance ?
TRIAL BALANCE
At the end of an accounting period all the accounts are
balanced and the balances listed. The total on both the sides of this, called the trial
balance, should balance. Since we are
working on the concept of every debit entry having a contra
credit entry and vice versa. Thus the
trial Balance is an arithmetic check that all the double
entries have been completed.
sorry iam not able to uderstand please make it easy understand by giving Eg
ReplyDeletethanks
Dear Mr.Raja Shekar,
DeleteThank u for ur comment. Please visit the following article to understand final accounts.
http://www.accounts4tutorials.com/2015/03/introduction-to-final-account.html