Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C10 Trial Balance2 Marks
Question
Explain two objectives of trial balance.
✓
Answer
Following are the objectives of preparing trial balance
$(1)$ Tallied trial balance assures us that accounts are arithmetically correct.
$(2)$ If total of both the sides - debit and credit is not equal, trial balance plays an important rolein finding out the errors.
$(3)$ From the prepared trial balance, it is very easy to find out the balance of any account.
$(4)$ Trial balance is prepared before preparing final accounts to reduced the errors.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.