Trial Balance T...

A ______ is a schedule or list of balances of both debit and credit extracted from various accounts.

At the end of the accounting period or at the end of each month, the balances of the ledger accounts are extracted and is prepared to test as to whether the total debits are equal to total credits.

Which of the following is the objective of trial balance?

What is UNCOMMON in trial balance?

The balances of all assets accounts, expenses accounts, losses, drawing are placed in the __________ of the trial balance.

The balances of all liabilities accounts, income accounts, profits, capital are placed in the _________ of the trial balance.

Which of the following statement contains all the types of account i.e., personal, real & nominal account?

___________ is a statement of debit & credit balances, while __________ is a statement of assets and liabilities.

Bank overdraft is shown on the _______ side of trial balance.

Which of the following is/are method for preparation of trial balance?