Some Important-to-Know Facts about Trial Balance Accounting
Trial balance is a statement prepared by stating the totals of debit and credit balances from ledger accounts.Feel free to contact us for more details visit http://www.tbworkssoftware.com
Trial balance is a statement prepared by stating the totals of debit and credit balances from ledger accounts.Feel free to contact us for more details visit http://www.tbworkssoftware.com
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3. Compound Method<br />
A compound method is a combination of both the above defined methods.<br />
Therefore, this method is also known as <strong>to</strong>tal cum balance method.<br />
Normally, the balance method is preferred in creating trial balance<br />
statements. Under the trial balance, the transactions are either recorded in<br />
subsidiary or journal books. After that posting is done in the ledger and<br />
balances are concluded. Thus, the balance figures are used <strong>to</strong> prepare<br />
statement with the help of balance method.
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