Professional Documents
Culture Documents
1.1.12 To name of credit account 3 5,000 3.1.12 By name of debit account 2 4500
Balancing of Accounts
Various accounts in the ledger are balanced for
the preparation of the final accounts.
BOTH
Types of Cash Book
Simple Cash Book
Total
Objectives of Trial Balance
To have balances of all the accounts of the ledger in
order to avoid the necessity of going through the pages
of the ledger to find it out.
Error of commission
Compensating errors
Errors of principle