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

Why is environmental analysis is vital for an organization, Q1. Why is envi...

Q1. Why is environmental analysis important for an organization? Q2. Write a double-spaced essay of between 750-1000 words on the value of business process improvement to an ind

Explain use technology and information resources to research, Imagine that ...

Imagine that you are a senior manager for one of the following companies: • Apple • Burger King • Nike • General Mills Create a market entry strategy along with a st

Loading, what is significance of loading?

what is significance of loading?

Identify five major economic variables, Identify five key economic variable...

Identify five key economic variables that could represent major opportunities or threats to a bank in your town or city. Identify which that you believe to be most important, and d

Ultimate objective, Ultimate Objective 1. Manufacturing costs: The ...

Ultimate Objective 1. Manufacturing costs: The unit cost of the product should  be estimated carefully and every effort should be made to stick to the cost standards. For

Various levels of customer service in your organization, Has the philosophy...

Has the philosophy that there are different levels of customers had any material effect on the value of your organization's customer service? • Identify and explain the differen

Describe the advantages of using work sampling, Discuss the advantages of u...

Discuss the advantages of using work sampling to understand how employees allocate their time among work activities.

Explain what is the roic, (Oscar's Office Building) Oscar is considering ge...

(Oscar's Office Building) Oscar is considering getting into the real estate business. He's looking at buying an existing office building for $1.8 million in cash. He wants to estim

Explain identify the basic control issues at unilever, Identify the basic c...

Identify the basic control issues at Unilever from all three levels? How do you think the control function should be organized and managed at Unilever?

Capacity planning, why is capacity planning important in operations managem...

why is capacity planning important in operations management

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