A Trial balance is prepared: After preparation financial statement. After recording transaction in subsidiary books After posting to ledger is complete. After posting to ledger is complete and accounts have been balanced.
AccountancyClass 11CBSEAnswered 23 Jun 2026
Answer
(d) Its purpose is to check the arithmetic accuracy off all the subsidiary books
Suggested Q&A
Accountancy · Class 11- AccountancyClass 11What is meant by Assets? Also explain its types.
- AccountancyClass 11Explain the following terms of Accounting: (a) Sales (b) Revenues (c) Profit (d) Gain (e) Loss (f) Discount (g) Drawings.
- AccountancyClass 11Describe the informational needs of external users.
- AccountancyClass 11Explain any five advantages of Accounting.
- AccountancyClass 11Explain any five limitations of Accounting.
- AccountancyClass 11Explain the following terms of Accounting: (a) Expenses (b) Expenditure (c) Debtors (d) Creditors (e) Voucher.