Explain trial balance, Operation Management

Assignment Help:

Explain Trial Balance.

Trial Balance: After posting all journal entries in the ledger, a statement termed as trial balance is prepared to check the accuracy of postings in the ledger.  This Balance checks the arithmetical correctness of the entries. This is simply a list of the accounts and their balances at any specified date. This is used to test the equality of balances since at any time the debits and credits must be equal in value. Besides checking the accuracy of postings in the ledger, the trial balance gives the material for formulating financial statements as Profit and Loss Account and also Balance Sheet.


Related Discussions:- Explain trial balance

, What happens if balance doesn’t exis

What happens if balance doesn’t exist

Describe professional application, "Professional Application" Please respon...

"Professional Application" Please respond to the following: • Assess your preparedness for a business leadership and management position based on what you have learned in your g

Explain dynamically continuous innovation, The terms continuous innovation,...

The terms continuous innovation, dynamically continuous innovation, and discontinuous innovation are classifications based on generated sales. production technology. degre

Observation of behaviour of company - service process matrix, Observation o...

Observation of behaviour of company - Service Process Matrix Schmenner observes that many service industries seem to be adopting competitive stances which imply moving up the

Explain major forces in the task environment, You are the new manger of a m...

You are the new manger of a major clothing store that is facing a crisis. this clothing store has been the leader in its market for the last 15 years in the last three years howeve

Explain step of the risk identification process in a project, Describe the ...

Describe the outputs and subsequent steps of the risk identification process in a project.

Management and operations, a. Describe who will be the CEO and his/her qual...

a. Describe who will be the CEO and his/her qualifications/experiences in the product/service industry, including both education and work and other relevant experiences. b. Desc

Explain tomorrow''s business environment, Write a job description for a pos...

Write a job description for a position in tomorrow's business environment

Explain what opportunities in the marketing environment, What opportunities...

What opportunities in the marketing environment did Gannet seize in launching USA? What unmet benefits are added and what value is created for the customer by USA Today?

Define the information security issues facing the government, Evaluate: Eva...

Evaluate: Evaluate the information security issues facing the government and identify its three biggest concerns. Application: Demonstrate how the government can use authentication

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd