Q.What are the methods of preparation of Trial Balance ?

A trial balance can be prepared by the total method, the balance method, or the combined total-and-balance method.

There are three methods of preparing a trial balance:

1. Total Method (Gross Trial Balance): the debit total and credit total of each ledger account are shown in the respective columns; the two column totals must agree.
2. Balance Method (Net Trial Balance): only the net balance (debit or credit) of each ledger account is entered; this is the most common method and is used for preparing final accounts. …