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    Bookkeeping Discussions

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    Posted 11 months ago in Form 1

    Papers

    Three uses of trial balance 

      0       2

    Comments  


    Shabani Mzee   Posted on 7 months ago

    1. Trial balance is used to check arithmetical accuracy
    2. Trial balance assist in rectifying errors
    3. Trial balance assist in preparing financial statements: Profit and Loss Account, Balance Sheet and Cash Flow Statement.
    4. Trial balance assist in adjustments
    5. Trial balance assist in preparation of audit reports

    Farida Kigoda   Posted on 10 months ago

    it used to deduct erors

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