InterviewSolution
Saved Bookmarks
InterviewSolution
| 1. |
Why trial balance is a statement not an account??? |
| Answer» trial balance is a statement because it is not prepared for a period of time and is prepared just on the date of closing of the accounts. Hence it is just a statement showing the balances of the assets and liabilities, expenses and incomes of the business on the date of closing of accounts.<br>Because statement has no any dr. Or cr. Side in compariason to an a/c. The trial balance is maintained for checking airthmatical accuracy of a/c\'s (you we maintained)<br>The question is hots | |