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It is called a trial balance because the information on the form must balance.
Journal ledger and trial balance questions and answers. There will be one debit and one credit. Asset liability equity revenue expense with the ending account balance. The following accounts appear in the general ledger of ABC Company on 31st December 2018.
Then long answer type questions. What is the objective of the trial balance. 60000 Sundry Creditors Rs.
JOURNAL LEDGER AND TRIAL BALANCE. Prepare an unadjusted trial balance for Heritage Designs as of November 30. This discussion on 40 journal entries with their ledger and trial balance.
Short answer questions are the best collection of short answer type questions of journal entries. You are required to. Students and learners are suggested to solve first brief answer type questions.
Akhtar as on 31122016. Which one is prepared on the basis of ledger accounts balance. A trial balance is a listing of all accounts in this order.
Answer choices To verify that the total of all accounts with debit balances the total of all accounts with credit balances. There will likely be one debit and two or more credits. 420000 Cash in hand Rs.
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