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The next step after preparation of Ledger is the preparation of ________:
- a)Trial balance
- b)Final Accounts
- c)Cash Flow statement
- d)Balance sheet
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
The next step after preparation of Ledger is the preparation of ______...
After the preparation of ledgers, the next step is the preparation of trial balance. After, pupation of ledger accounts all the balances of the ledger accounts are transferred to trial balance and it should tally. The trial balance checks the arithmetical accuracy of the books of accounts.
Most Upvoted Answer
The next step after preparation of Ledger is the preparation of ______...
A trial balance is a bookkeeping worksheet in which the balance of all ledgers are compiled into debit and credit account column totals that are equal. A company prepares a trial balance periodically, usually at the end of every reporting period.
A trial balance is a list of all the general ledger accounts (both revenue and capital) contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance.
A trial balance is a list of all the general ledger accounts (both revenue and capital) contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance.
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The next step after preparation of Ledger is the preparation of ________:a)Trial balanceb)Final Accountsc)Cash Flow statementd)Balance sheetCorrect answer is option 'A'. Can you explain this answer?
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The next step after preparation of Ledger is the preparation of ________:a)Trial balanceb)Final Accountsc)Cash Flow statementd)Balance sheetCorrect answer is option 'A'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about The next step after preparation of Ledger is the preparation of ________:a)Trial balanceb)Final Accountsc)Cash Flow statementd)Balance sheetCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The next step after preparation of Ledger is the preparation of ________:a)Trial balanceb)Final Accountsc)Cash Flow statementd)Balance sheetCorrect answer is option 'A'. Can you explain this answer?.
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