answersLogoWhite

0

Trial balance a forced of balance?

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

Is an accouts receivable account in accounting a debit or a credit balance account?

Accounts receivable has a debt balance as normal accounting balance because it is an asset of company.


Difference between balance of trade and balance of payment?

Balance of Trade is the accounting of goods and service imported and exported. Balance of Payments is the accounting of money owed and loaned other nations.


What is the real difference between balance of trade and balance of payment?

Balance of Trade is the accounting of goods and service imported and exported. Balance of Payments is the accounting of money owed and loaned other nations.


What relationship is there between the accounting equation and the balance sheet?

The relationship between the accounting equation and the balance sheet is the NET PROFIT. ( I THINK :/ )


What is the difference between accounting balance sheet and economic balance sheet?

Straight from my text, the difference is that an accounting balance sheet omits significant assets and liabilities and the accounting balance sheet does not report all assets and liabilities at their market value (the accounting balance sheet records a book value; ie the dollar value paid for an item). With respect to which assets and liabilities that are omitted, I am not sure.


What are the basic concept are accounting?

Major aspect of accounting in any business organization is financial accounting and inventory accounting. While the financial accounting deals with the monetary aspects the inventory accounting deals with the quantitative aspects of the goods and services of the business organization. Important financial accounting aspects are payment voucher, journal voucher, cashbook, general ledger, bank reconciliation and trial balance. Important inventory accounting aspects are opening balance, purchases, sales and closing balance.


What are the Balance Identifiers for reimbursement accounting?

O


What are the basic accounting concepts and conventions?

Major aspect of accounting in any business organization is financial accounting and inventory accounting. While the financial accounting deals with the monetary aspects the inventory accounting deals with the quantitative aspects of the goods and services of the business organization. Important financial accounting aspects are payment voucher, journal voucher, cashbook, general ledger, bank reconciliation and trial balance. Important inventory accounting aspects are opening balance, purchases, sales and closing balance.


What is income balance?

the income balance is the amount of income earned at the end of the accounting period.


The balance identifier for reimbursement accounting stages are?

O


What are the balance identifier reimbursement accounting stages?

O


What are the balance identifiers for reimbursment accounting stages are?

O