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 what is an interim plan, Answer the following questions: 1) ...

Answer the following questions: 1) What is the difference between a task dependency and a task constraint? 2) Give a real-world situation when you might used the foll

Explain some of the near-term and long-term results, As the industry watche...

As the industry watches to see how United Airlines' strategy performs against American Airlines' strategy, management at United Airlines is anxiously monitoring market signs to det

Human Resource, 1. What in your view are the central human resources issues...

1. What in your view are the central human resources issues involved in this case?

Explain type of cost-plus contract provides the seller, Which type of cost-...

Which type of cost-plus contract provides the seller with a guaranteed dollar-value profit rather than as a percentage? Answer Cost-sharing Cost-plus-award-fee Cost-plu

Nash equilibrium levels, 2 enterprises (1 and 2), are in competition with e...

2 enterprises (1 and 2), are in competition with each other by choosing advertising expenditures. The payoff functions of the two enterprises, if enterprise 1 chooses to spend x an

Are there different types of operations systems, 1. Are there different typ...

1. Are there different types of operations systems?  Ans: Yes, characteristics show that manufacturing companies break down into categories as do service organisations. Once the

Explain increasing the level of confidence, All other things held constant,...

All other things held constant, increasing the level of confidence for a confidence interval estimate for the difference between two population means will result in a wider confide

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