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The Trial Balance

The Trial Balance. Business Studies. Trial Balance. The Trail balance is the list of figures that will be used to create all the final accounts. A Trial Balance will Balance the total of each column will be identical. Example Trial Balance. Dr Cr Purchases 100 Sales 200

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The Trial Balance

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  1. The Trial Balance Business Studies

  2. Trial Balance • The Trail balance is the list of figures that will be used to create all the final accounts. • A Trial Balance will Balance the total of each column will be identical

  3. Example Trial Balance Dr Cr Purchases 100 Sales 200 S Knight 150 Cash 210 260 460 460

  4. Profit & Loss Accounts / Balance Sheets • All figures for these two accounts are shown in the Trial Balance • Except for the Closing Stock which is often shown as a separate figure below the Trial Balance Exercise

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