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    dasanagesh's Avatar
    dasanagesh Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Dec 20, 2009, 11:34 PM
    Why do prepare trailbalance
    Dear Friends,

    I have one doubt that's is " Why do prepare Trail Balance ? Or which purpose prepare for Trail Balance ?
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
    Ultra Member
    		  
    #2

    Dec 21, 2009, 03:14 AM

    A trial balance is necessary to be prepared to prove the accuracy of the postings to the ledger because
    Of the double entry system.
    The purpose of the trial balance is
    As a preparation of the financial statements.
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