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 managers and supervisors need to have knowledge, Why do all manager...

Why do all managers and supervisors need to have knowledge and skills related to Human Resource management?

Explain type signals responding to obstacles, What type of signals are casu...

What type of signals are casued as a result of signals responding to obstacles in their paths? a. spread spectrum b. narrowband c. multipath d. broadband

Offer a description of the freedom of the world survey, Please provide a de...

Please provide a description of the Freedom of the World survey. What factors are taken into consideration in the survey when forming the rankings?

Multifactor productivity, A company that makes shopping carts for supermark...

A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shoppin

Explain what are the internal and external factors, What are the internal a...

What are the internal and external factors (HR/Business) that will affect the global organization today when doing business overseas

Plant location, factor relating methods for locating a plant

factor relating methods for locating a plant

Explain what is the productivity, 1. A manufacturing company has a small pr...

1. A manufacturing company has a small production line dedicated to the production of a particular product. The line has four stations in serial. Inputs arrive at station 1 and the

Explain how would you measure customer profitability, How would you measure...

How would you measure customer profitability? What approach would you use in maximizing customer lifetime value? Explain

Describe distribution manager funtions, In the table given below the Distri...

In the table given below the Distribution Manager is expected to service these DCs as per the demands placed. If the actual sales after completing week one is as follows, what woul

Operation Management, what are the factors that affect productivity

what are the factors that affect productivity

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