What are the considerations for preparing trial balance? (Account*)

To prepare a trial balance we need the closing balances of all the ledger accounts and the cash book as well as the bank book. So firstly every ledger account must be balanced. Balancing is the difference between the sum of all the debit entries and the sum of all the credit entries. Then prepare a three column worksheet.

Explanation:

Calculate the Balances of Each of the Ledger Accounts. ...

Record Debit or Credit Balances in Trial Balance. ...

Calculate Total of The Debit Column. ...

Calculate Total of The Credit Column. ...

Check if Debit is Equal To Credit.

answer; defense;