BHEL Management Trainee Interview Questions and Answers for Experienced

A trial balance is a list of all the general ledger accounts contained in the ledger of a business.

• It is used to ensure that the total debits equal the total credits in the accounting records.

• It is prepared at the end of an accounting period before the financial statements are prepared.

• Errors in the accounting records can be identified by checking the trial balance.

• Example: If the total debits in the trial balance do n...read more