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what is trial balance?state any four function of a trial balance |
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Answer» If a statement is prepared with debit balances in one side/column and credit balances on the other side/column, the totals of the two sides/columns will be equal. Such a statement is called as ‘Trial Balance.following are it's functions :1Helps in finding and correction of errors2Helps in preparation of final accounts3Helps to prove the accuracy of Books of Accounts4 It helps in the preparation of the final accounts i.e., Trading a/c. Profit and loss a/c and Balance Sheet. |
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