According to double entry system after recording all the transactions in the subsidiary books like journal, sales / Purchase books and posting them into ledger and ascertaining their balances, the statement prepared to ascertain the arithmetic accuracy of accounts on a certain date is called Trial Balance. It is the statement on the basis of which Trading, Profit and Loss Account and Balance sheet are prepared. Here the trial balance is prepared from ledger using "Totals Method". The total of debit and credit side of each account in ledger is place on the appropriate side in the Trial Balance.
Agreed Trial balance is a prima facie evidence of the arithmetical accuracy of the accounting books maintained.
Trades and Industry - Click to find complete details
HiTech Manufacturing ERP Software Helps You to Boost Revenue, Improved Solution Provides Fully Integrated ERP Software for Manufacturing Industry in India Explore Our Business Management Solutions for Small and Medium-sized Business
Accounting and Business Management of all kinds of business, industry and
services is now possible with HiTech Accounting Software made for specific
business segments. Click the following links for more details and free 30
days full featured evaluation download.
Off-the-shelf software solutions for various segments like Business, Trading, Industry, Hotel, Hospital, Medical Store, Petrol Pump, Automobile dealer, Newspaper, Commodity Broker & VAT Accounting. Customization available at nominal additional cost.
ERP Accounting, Billing, Inventory Control Software