|
Preparation of Trial Balance
1. It may be prepared on a loose sheet of paper.
2. The ledger accounts are balanced at first. They will have either “debit-balance” or “credit balance” or “nil-balance”.
3. The accounts having debit-balance is written on the debit column and those having credit-balance are written on the credit column.
The sum total of both the balances must be equal, for “Every debit has its corresponding and equal credit”.
|
