Adjustments
A trial balance is generally prepared?
at the end of the year.
Which side of the trial balance would you put the following:
capital $2,000
cash $500
Debit side
True/False
Trial balance is consist of three columns
False
True/False
Trial Balance is an account.
False
Another name for an accounting period.
Fiscal year
What is a trial balance?
A book in which the balances of all ledgers are complied
Bought stationary for cash, which two accounts are affected?
Cash and stationary
Paid M.Brown by cheque which two accounts are affected?
M.Brown and Bank
What are the objectives of preparing a trial balance?
to check arithmetical accuracy
to help in preparing Financial Statements
helps in locating errors
helps in comparison
help in making adjustments