Unit 6

Trial Balance

Trail Balance is a statement containing the balances of all ledger

accounts as at any given date, arranged in form of debit and credit
columns placed side by side prepared with the object of checking
the arithmetical accuracy of ledger postings

It is statement debit and credit totals of various accounts are

separately totaled to see whether they are equal or not, this
statement is called as trail balance
 Trial Balance
(As at month, year)
Debit Credit
Slno Name of Account
Rs Rs
1 Capital Xxxxx
2 Drawings Xxxx
3 Cash Xxx
4 Bank Xxx
5 Opening Stock Xxxx
6 Purchase xxxx
7 Sales Return xxxx
8 Bills Receivable xxxx
9 Sundry Debtors xxxx
10 Discount Paid (Given) xxxx
11 Salaries Xxxx
12 Rent , Wages, Advertisement, Xxxx
(All Expenses)
13 All Assets ( Computer, Furniture) Xxxx
14 Sales Xxxx
15 Purchase Return ( Return outwards) Xxxx
16 Bills Payable xxxx
17 Discount Received Xxxx
18 Carriage Xxxx
19 Sundry Expenses Xxxx
20 Bank OD xxxx
Total Zzzzzz Zzzzz
The trial balance can be prepared in two ways
1. By taking the balances of each of the ledger accounts.
2. By taking the debit and the credit total of each of the ledger accounts.