PPT - Trial balance | Principles and Practice of Accounting - CA Foundation PDF Download

 Page 1


CPT Chapter2, Unit-3 Fundamentals of 
Accountancy  
CA.S.K.Chhabra 
Page 2


CPT Chapter2, Unit-3 Fundamentals of 
Accountancy  
CA.S.K.Chhabra 
What is a  
Trial balance? 
It is a Statement prepared to 
ensure the arithmetical accuracy 
of all the accounts before the 
preparation of the financial 
statements 
Page 3


CPT Chapter2, Unit-3 Fundamentals of 
Accountancy  
CA.S.K.Chhabra 
What is a  
Trial balance? 
It is a Statement prepared to 
ensure the arithmetical accuracy 
of all the accounts before the 
preparation of the financial 
statements 
Total 
method 
Balance 
method 
Total and 
balance 
method 
Page 4


CPT Chapter2, Unit-3 Fundamentals of 
Accountancy  
CA.S.K.Chhabra 
What is a  
Trial balance? 
It is a Statement prepared to 
ensure the arithmetical accuracy 
of all the accounts before the 
preparation of the financial 
statements 
Total 
method 
Balance 
method 
Total and 
balance 
method 
Under this method, 
every ledger account 
is totaled and the 
total amount of both 
debit side and credit 
side is transferred to 
Trial balance 
Page 5


CPT Chapter2, Unit-3 Fundamentals of 
Accountancy  
CA.S.K.Chhabra 
What is a  
Trial balance? 
It is a Statement prepared to 
ensure the arithmetical accuracy 
of all the accounts before the 
preparation of the financial 
statements 
Total 
method 
Balance 
method 
Total and 
balance 
method 
Under this method, 
every ledger account 
is totaled and the 
total amount of both 
debit side and credit 
side is transferred to 
Trial balance 
Under this method 
Every ledger account 
is balanced and 
these balances only 
are carried forward 
to the trial balance