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 implementing large database systems and data, What issues can organ...

What issues can organizations experience when implementing large database systems and data warehouses? What best practices would you recommend to an organization to mitigate these

Explain is this the only way to get assitance, Can someone please help me w...

Can someone please help me with the questions below, Also, this is my first time usng cheggs for my assigments. Is this the only way to get assitance? or is there a search tool to

Want help creating database using microsoft access, Need help creating data...

Need help creating database using Microsoft access. Please see question. Please create a new database called Automobiles for North East Honda dealership. The database will have

Explain stakeholder analysis, Stakeholder analysis is important in risk ass...

Stakeholder analysis is important in risk assessments for most activities is not important in risk assessments for most activities is usually undertaken at the end of the planning

Larger quantity purchases, A vendor's gives discounts to entice larger quan...

A vendor's gives discounts to entice larger quantity purchases.  The price breaks are as follows: Order Size    Discount    Unit Price     0 - 40              0%           $30 50

Explain competitive strategy relate to value chain structure, How does comp...

How does competitive strategy relate to value chain structure?

Describe the companys compensation strategy, Briefly describe the company y...

Briefly describe the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.

Explain what will be her new productivity, Lori produces "Final Exam Care P...

Lori produces "Final Exam Care Packages" for resale by her sorority. She is currently working a total of 5 hours per day to produce 100 care packages. a) What is Lori's productivit

Compute the utilization work, A firm wishes to determine the efficiency and...

A firm wishes to determine the efficiency and utilization of a work center coposed of 3 machines each working 16 hours per day for 5 days a week. A study undertaken by the material

Work study, link between work study and value analysis?

link between work study and value analysis?

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