What are the steps in preparation of a Trial Balance.

1.	What are the steps in preparation of a Trial Balance.
Answer» Steps in preparation of a Trial Balance are as follows: 1. Draw the form of a trial Balance 2. Transfer the ledger account balances to the respective sides. 3. Total both the sides and see that they are equal 4. If any difference is found, then check all the ledger accounts and their transfer in Trail Balance. 5. Still if any difference is found, than the difference should be shown as “Suspense A/c” on the side which shows the balance.

Answer»

Steps in preparation of a Trial Balance are as follows:

1. Draw the form of a trial Balance

2. Transfer the ledger account balances to the respective sides.

3. Total both the sides and see that they are equal

4. If any difference is found, then check all the ledger accounts and their transfer in Trail Balance.

5. Still if any difference is found, than the difference should be shown as “Suspense A/c” on the side which shows the balance.

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What are the steps in preparation of a Trial Balance.

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