At the end of the chapter, you would be able to understand
What a Trial Balance Really Means
Objectives and Salient Features of a Trial Balance
Methods of Preparation of Trial Balance. Preparation of a Trial Balance by Applying “Balances Method”
Concept of Errors – Kinds of Errors – Classification of Errors – Rectification of Errors
Various Steps Involved in Locating the Errors in a Trial Balance
Meaning of Suspense Account and Its Accounting Treatment
To Record Various Transactions (Passing Entries into Journal), Classify These Trans-actions Under Various Heads of Account (Posting to Ledger) and Balancing Them, Some Important Subsidiary Books and Procedure ...