Trial Balance

Lesson 3 of 5 • 12 upvotes • 8:34mins

Chaitanya Nandrajog

This course basically describes about the third step or I would say the second last step of the accounting process of the accounting cycle that is trial balance and it is the summarised version where the entries recorded and posted are finally put in trial balance and here I have discussed that it is this financial statement which provides the accurate information and it also helps to locate the errors and rectify those errors. This is the most easiest and the interesting thing to prepare trial balance as it is short and simple but if even one thing goes wrong it is the most frustrated thing so while preparing it out it is mandatory to concentrate for just few minutes to prepare this trial balance and I have just tried to explain the main topics of trial balance.