1. Trial Balance It is a summary of the entire Ledger. It has two columns, one for Debit balances and another for Credit balances. The totals of the two columns must match. If the totals of the two columns do not match then there may be :

2.  Some error in arithmetic calculations or,  you may have transferred the wrong  amount  or  You may have forgotten to include an account altogether.  So Trial Balance helps you in finding out the possible errors at an early stage before preparing Final Accounts.

3. Objective of Preparing Trial Balance  To ascertain arithmetic accuracy of ledger account  To help the preparation of the final accounts  Summery of each account  To help in location of error

4. Methods of preparing T.B The Total Method S.No.Name of AccountsAmount (Dr.) Amount (Cr.)

5. The Balancing Method S.No.Name of AccountsAmount (Dr.) Amount (Cr.)

6. General Rules All Expenses & Losses Dr. All Profit, Gains, IncomeCr. AssetsDr. LiabilitiesCr. DrawingsDr. Opening & closing StockDr. Post dated chequeDr. Preliminary expDr. Purchase & Sales ReturnDr. Sales & Purchase ReturnDr.