how to prepare trial balance? please give example

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Blue Eyed Boy answered this

its just that you have to identify which one is credit and which one is debit

EXAMPLE

CAPITAL- it is always in credit side. so it will be written in credit side

Purchase- it is always debit side to it will b written in debit side.

Sales- this always comes in credit side so it will be written in credit side.

Machinery- it always be in the debit side so it will be written in debit side

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Pratap Brar answered this

A trial balance is a list of debit and credit balances.
It is prepared from the ledger. All accounts having debit balance are debited, and those having a credit balance are credited in the trial balance.

You can directly make a trial balance, without making a ledger if you follow these rules.
Debit: All expenses, losses and assets[Machinery (asset), Purchases (expense), Bad debts (loss)]
Credit: All incomes, gains and liabilities[Creditors (liability), Capital (Liability), Sales (Income), Bad debts recovered (gain)]

Verma Pradeep answered this

Pass the following transactions of hospital to prepare journal and trial balancesSept 2008TransactionsRs.4Started the hospital business with cash2,50,0008Deposited in the Bank50,00012Equipments purchased for hospital1,00,00016Drugs purchased for hospital50,00020Received amount from patients1,00,00025Paid Salary1,00,00030Paid Rent30,000

Verma Pradeep answered this

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Sudhagaran answered this

what are the accounts not appear in trail balance ?

Shruti Choudhary answered this

you just need to carry the balances from the ledger to the trial balance .suppose if the balance c/d of your salaries a/c is 10000.put it on debit side of the trial balance coz it is an expense........

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Vikhyat Rana answered this

First prepare a column of "HEADS of ACCOUNTS" and write all the heads given in the ques.
Then make two columns DEBIT and CREDIT. Under DEBIT write all expenses and losses and what comes in. Under CREDIT column write the amount of all income and gains and what goes out.

Parikshit Pareek answered this

A trial balance of may be prepared at any time,say,at the end of the every month,quater,half-year or year

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Chetna answered this

It means that the shortning in calculation ex:if the total of dr. Side is 150 but we written it as 100 than it call that the it is undercast with 50 means less with 50.

Dinsha Dhawan answered this

My dear find your answer ,

Aditya Upadhyay answered this

This question this type of solve.

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Pratul Malthumkar answered this

NO need bro...

Lakshmi answered this

We have prepare by seeing financial statement .

We have Dr. And ur. All the items which is in trading and profit and loss a/c as such in Dr. And cr.
We have to enter assets side items in debit side of trail balance and liabilities side items in credit side of trial balance.

Proforma for trail balance is:
Particulars dr.(amt) cr. (amt)

Hellen answered this

1.prepare a worksheet with three columns
2.Fill in all the account titles and record their balance in the appropriate debit or credit columns
3.Total the debit and credit columns
4.compare the totals

.. answered this

Can you give this ans

.. answered this

Please send the answe

Mukesh Mahto answered this

S.NO!NAME OF THE ACCOUNT!L.F! DR!CR

Sparsh Thapa answered this

Let’s consider one another example to understand the method of preparation of trial balance. Below are the balances from the books of Jyoti Enterprises as on March 31^st, 2019.
ex 2.1

Now we will prepare trial balance for Jyoti Enterprises as on March 31^st, 2019 as per the balance is shown above,
ex 2.2

As per the trial balance prepared for Jyoti Enterprises, we can see that both sides of the trial balance are the same, which indicates that there is no error in ledger posting during the financial year. Trial balance shows all debit and credit balance in one statement, and from here, we will start preparing other financial statements of the firm.