Tag Archives: Trial Balance

Methods of Prepration of Trial Balance

There are three methods of preparation of trial balance: Total method Balance method Total and balance method Now we shall understand each method in detail with logic and illustration as follows: TOTAL METHOD Under this method, every ledger account is totalled and that total amount (both of debit side and …

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Trial Balance

trial balance

What is a Trial Balance After passing the journal entries and posting them to the ledger, the next process of accounting is the preparation of Trial Balance. A Trial Balance is a statement or list of all debit and credit balance of each account separately. Whenever Trial Balance is prepared, …

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