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

Explain alternatives to maximize total annual return, How should the 2 mill...

How should the 2 million be allocated to each loan/investment alternatives to maximize total annual return?

How to develop a supply chain infrastructure, What approaches can be taken ...

What approaches can be taken to develop a supply chain infrastructure that provide an accurate view of overall channel performance?

Define the reasons why a firm would seek iso registration, Discuss the reas...

Discuss the reasons why a firm would seek ISO 9000 registration.

Explain external failure costs, Q 1 The probability associated with rejecti...

Q 1 The probability associated with rejecting a high quality lot is denoted in acceptance sampling with the Greek letter alpha. Q 2 Quality control charts usually have a central

I have some charts that i need help to put it in excel, I have soem charts ...

I have soem charts that were done i word how do I gt them to you for someone to put in excel for me

Explain the ten commandments of america culture, Go toto gmi.org and search...

Go toto gmi.org and search for "The Ten Commandments of America Culture." The list presents ten sayings that represent commonly accepted American cultural values. Think about how t

Selection criteria for the type of scheduling, Selection Criteria for the T...

Selection Criteria for the Type of Scheduling There are several types of scheduling system selection of a particular system depends on a number of factor. Some of these are des

Describe the ethics of continuing to do business, Assume you are a manager ...

Assume you are a manager of a large heavy equipment manufacturing company. Your company currently outsources the manufacturing of a specialized piece of equipment to a firm in anot

Explain why does it appeal to an approach to leadership, Write several para...

Write several paragraphs describing the aspects of a servant leader. Why does it appeal to an approach to leadership? What are some concerns? Why does servant leadership seem appro

Describe alabama electric for a claim, Fred Flowers works for Alabama Elect...

Fred Flowers works for Alabama Electric and is a resident of the State of Florida. Following a series of storms in the Northeast, Alabama Electric sent Fred to Virginia as part of

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