Question
A Trial Balance contains the balance of:
Solution
Balances of all accounts in the ledger are transferred to the Trial Balance whether they are personal, real or nominal in nature. Thus, it can be said that a Trial Balance contains the balances of all the accounts.
More Accounts Questions
- The accounting equation is the foundation of:
- Which type of budget is prepared for a range of activity levels rather than a single level?
- What is the main purpose of a Management Information System (MIS) in an organisation?
- When book profits are less than taxable profits:
- Which of the following statements about the accrual basis of accounting is true?
- What type of comparison involves assessing a company's financial ratios against its own historical performance?
- Input 20,000 units; normal loss 10% with scrap value ₹3/unit; actual output 18,300 units. Determine abnormal gain/loss units.
- Which of the following is the main channel used by banks to deliver financial services in remote rural areas?
- An entity holds equity shares for trading purposes. The market value of the shares decreased by ₹1 lakh by year-end. How should the decline be recognised a...
- An enterprise consumes 25,600 units of a component annually. The order cost is ₹600 per order, and carrying cost is ₹12/unit/year. A supplier offers the fo...
