Question 9 of 32
Q.Trial balance is prepared :
(a) on a particular date
(b) for a year
(c) at the end of the year
(d) none of the above
Puducherry TnboardTamil Nadu HSC First Year (DGE) Commerce Board 2022MCQ· 1mImportance★★★★★
28% · 9/32 Questions
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Start your 14-day free trial to unlock the full solution →A trial balance is a statement of the debit and credit balances of all ledger accounts prepared as on a particular date — option (a).
Key points:
- A trial balance is not an account; it is a statement that lists every ledger account's balance in a debit column or a credit column.
- It is prepared as on a specific date — typically the last day of the accounting period (e.g. as on 31st March 2022) — because it captures the balances standing in the ledger at that instant. …
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