Ask Experts Questions for FREE Help!
 
Free Answers in 3 Easy Steps

Register Now		 3 Steps
 
Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.
  Answer this Question    Ask about Accounting    Ask about another Subject  
 
PDA

roy66
Jan 30, 2009, 02:46 AM
i just need to know whther trial balnce include P&L A/c ???
ROLCAM
Jan 30, 2009, 03:42 AM
1) A trial Balance is a complete list of
ledger accounts at balance date.
Based on the double entry system the total of the debits must equal the total of the credits in a trial balance.

2) The profit and loss account is a report
drawn out from the incomes and the expenses
listed in the trial balance.

3) The balance sheet is the other report
drawn out of the remainder of the accounts,
which are the assets, the liabilities and
the equity accounts.
codyman144
Jan 30, 2009, 08:55 AM
Roy,

In case you are confused basically ROLCAM just said yes does include P&L.