Briefly explain the features of Trial Balance-01548
This subjective question is related to the book/course
vu fin623 Taxation Management.
It can also be found in
vu fin623 Mid Term Solved Past Paper No. 3.
Question 1: Briefly explain the features of Trial Balance.
Answer:
We can define trail balance is a statement of all the open debit and credit items in a double-entry ledger, made to test their equality whether it is correct or not. As the definition indicate us we can easily removed error through trial balance.
