TRIAL BALANCE Concept: A trial balance is a list of accounts and their balances on a given date. Generally a trial balance is prepared at the end of an accounting period to test the mathematical accuracy of books of accounts.

1. TRIAL BALANCE
Concept: A trial balance is a list of accounts
and their balances on a given date. Generally
a trial balance is prepared at the end of an
accounting period to test the mathematical
accuracy of books of accounts.

2. Purpose of Trial Balance
A trial balance serves the following main
purposes:
1.To check the equality of debits and credits in
ledger accounts.
2.To uncover error in journalizing and posting.
3.To provide information for preparation of
financial statements.

3. Structure of Trial Balance
Account
Number Title of Account P
R
Debit
Amount
Credit
Amount
01 Cash 11,90,779
02 Karim, Capital 12,00,000
03 Karim, Withdrawal 10,000