What are the characteristics or features of Trial Balance?
AccountancyClass 11CBSEAnswered 23 Jun 2026
Answer
Characteristics of Trial Balance
- It is a list of balances of all Ledger accounts and Cash Book
- It is not a part of the double entry system of book-keeping. It is only a working paper.
- It can be prepared on any date
- It verifies the arithmetical accuracy of posting of entries from the Journal to the Ledger.
- It is not a conclusive proof of the accuracy of the books of account since some errors are not disclosed by Trial Balance.
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