DiscussionsCategory: Business StudiesWhat is trial balance in business studies?
Abdul tawwab asked 4 years ago

What is trial balance in business studies?

Gift AmadiGift Amadi replied 3 years ago

Trading profit and loss acount

Success ReubenSuccess Reuben replied 3 years ago

A list of balances extracted from the ledger

5 Answers
Solomon JumboSolomon Jumbo answered 4 years ago

Trial balance is a list of all general ledger accounts  both revenue and capital contained in the ledger of a business

Maryam Abduljamih FolorunshoMaryam answered 4 years ago

Trial balance is a bookkeeping worksheet in which the balance of all ledgers are complied into debit and credit account column totals that are equal

Sadiq BarauSadiq Barau answered 4 years ago

a statement of all debits and credits in a double-entry account book, with any disagreement indicating an error.

Jewel AdesileJewel Adesile answered 4 years ago

A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance.

Melvyn ChukwuMelvyn Chukwu answered 4 years ago

 
a statement of all debits and credits in a double-entry account book, with any disagreement indicating an error.

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