TRAIL BALANCE

TRIAL BALANCE

, TRIAL BALANCE



Journal >
-



Recording

Ledger -

>
Clarification
Trial Balance Third
>
phase of Accounting process
-




Trail Balance

as on 31st Mar 24
.




S NO Name
of Account LIF Dr (E) (V (E)
.


. .

-




1 Assets Alc
-
.




v
2 .
Expenses Alc

3
. Revenue All

H .
Liabilities Alc

5
. Capital Ak

-




XXXXXX


Match DV = IV
.




Double Entry system
Meaning of as on lat and
for the year
ended




lat
1.
Meaning of as on > on a particular date


as on 31st Mar .
2024 > Balance on 3113124


eg -Subscribers on 28th June 24-1
:

as ,
03 , 000




2 .


for the year ended 31st Mar 24 ->
Time period

2/4/2023- 31/3124


eg -subscribers
for the ended 315E Mar 24-50, 000
:



year
[1/n12023-311312n]

, Important : -




1 .
Is Trial Balance Account
an ?

statement
>
No , it is a prepared with the help of Ledger balances .




2
.
Agreement
~
of Trial Balance is NOT a conclusive
proff of Accuracy
.
Dr . = Cr .

V




Agreement of Trial Balance indicates Arithmetical Accuracy
.
V

Mathematical accuracy


objective of Trial Balance




1
.

Summary of Ledger
.
2
financial statements are
prepared on the basis
of Trial Balances

3 .

Helps to establish arithmetical
accuracy

Methods Trial Balances
of


V V ~


Total Method Balance Method Total & Balance Method
.




1) Total Method : -




Cash Alc


Dr .
CV .




To bal bid 10, 000
by purchases Alc 15, 000


To 50 ,
by
sales Al 000 Rout Ak 5 , 000



by bal Old 40, 000

60 , 000 60, 000