TRIAL BALANCE

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DRUG STORE AND BUSINESS MANAGEMENT
TRIAL BALANCE
Mr. Maroti M. Jeurkar Lecturer, YBCP, chandrapur
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Trial balance It is a statement prepared to check
the arithmetical accuracy of the book keeping
entries up to the date stated at the head of the
trial balance.
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Objective of trial balance and give its format.
particular Debit total Credit total
     
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Method used for preparation of trial
balance. Balance method In this method all the
ledger accounts are first balanced. The balances
are then recorded on the debit credit side of
the trial balance. If the grand total on debit
credit side balances tally, it shows that the
books are accurate arithmetically. Total amount
methods In this method the total on debit side
of every ledger account is entered under debit
column of the trial balance the total on the
credit side of each ledger account is recorded
under credit column of the trial balance. In case
grand total on both sides tally, it indicates
arithmetical accuracy of the trial balance.
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