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Why trial balance is a statement …

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Why trial balance is a statement not an account???

Posted by Lovely Dhawan 6 years, 10 months ago

CBSE > Class 11 > Accountancy

3 answers

Sakshi Sharma??️??️ 6 years, 10 months ago

trial balance is a statement because it is not prepared for a period of time and is prepared just on the date of closing of the accounts. Hence it is just a statement showing the balances of the assets and liabilities, expenses and incomes of the business on the date of closing of accounts.

Anubhav Sharma 6 years, 10 months ago

Because statement has no any dr. Or cr. Side in compariason to an a/c. The trial balance is maintained for checking airthmatical accuracy of a/c's (you we maintained)

Anubhav Sharma 6 years, 10 months ago

The question is hots

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