1.

THE TRIAL BALANCE IS A LIST OF THE BALANCE OF: ​

Answer»

Answer:

A trial balance is a list of all the GENERAL ledger accounts (both revenue and CAPITAL) contained in the ledger of a business. This list will CONTAIN the name of each NOMINAL ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a DEBIT balance or a credit balance.



Discussion

No Comment Found

Related InterviewSolutions