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Trial balance

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 September 2014 Dear Sir ,

What is Trial Balance?

What is the Need of Trial Balance in Accounting ?

Kindly Explain.......
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CA VISHWAKEERTHI.P.S.

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CA VISHWAKEERTHI.P.S. (Expert)
05 October 2014 1) Trial balance prepared to know the arithmetical accuracy.

2) Trial balance prepared on basis of closing balance of all ledgers.

3) It necessary to prepare financial statements .

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