Accountancy · Ch 5 — Trial Balance
Preparing a Trial Balance — the Totals Method
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Preparing a Trial Balance — the Totals Method
The Totals Method is used less often but is conceptually simpler to understand. Instead of first balancing each account, the total of the debit side and the total of the credit side of every ledger account (before any balancing) are directly entered into the Trial Balance, each account contributing two figures instead of one.
| Particulars | L.F. | Debit Total (₹) | Credit Total (₹) |
|---|---|---|---|
| Cash A/c | (total of Dr. side) | (total of Cr. side) | |
| Kavya A/c | (total of Dr. side) | (total of Cr. side) | |
| … | |||
| Total | XXX | XXX |