SSC MCQ Question Ans. Trial Balance

SSC MCQ Question Ans. Trial Balance. Prior to the preparation of the financial statement to know the results of financial activities of a business concern at the end of the year, it is badly needed to ensure that all the transactions of that period have been recorded and posted correctly in the books of accounts of the organization. If the books of accounts are prepared without proving the arithmetical accuracy then the prepared statement may not convey true information of the organization. A trial balance is prepared with the balances of ledger books with due and careful consideration of all possible errors of the recording process in books of accounts.

SSC MCQ Question Ans. Trial Balance

SSC MCQ Question Ans. Trial Balance

SSC MCQ Question Ans. Trial Balance

If the posting has been done accurately and the computation of account balances has been corrected, the total of all debts should be equal to the total of credits. In order to prove the accuracy that the total of accounts with debit balances agree with the total of credit balances, a statement i.e. trial balance is prepared.  Errors can easily be identified and necessary steps for rectifying them can easily be taken through the preparation of trial balance.

teachingbd24.com is such a website where you would get all kinds of necessary information regarding educational notes, suggestions and questions’ patterns of school, college, and madrasahs. Particularly you will get here special notes of physics that will be immensely useful to both students and teachers. The builder of the website is Mr. Md. Shah Jamal Who has been serving for 30 years as an Asst. Professor of BAF Shaheen College. He expects that this website will meet up all the needs of Bengali version learners /students. He has requested concerned both students and teachers to spread this website home and abroad.

SSC Accounting MCQ Question With Answer