Question 18 of 32
Q.The Trial Balance contains the balances of :
(a) Only Nominal accounts
(b) Only Personal accounts
(c) All accounts
(d) Only Real accounts
Puducherry TnboardTamil Nadu HSC First Year (DGE) Commerce Board 2024MCQ· 1mImportance★★★★★
56% · 18/32 Questions
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Start your 14-day free trial to unlock the full solution →A trial balance contains the balances of all ledger accounts — personal, real and nominal — to verify that total debits equal total credits.
A trial balance is a statement prepared with the debit and credit balances of all ledger accounts on a particular date. Its purposes are:
- To check the arithmetical accuracy of the ledger postings (total of debit balances = total of credit balances).
- To provide a basis for preparing the final accounts. …
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