This is Ravi Verma, In this article, I will tell you about Trail balance.
Trail balance is a book in which posting of all ledgers is done.
The amount of debit and credit of any business in which there is a ledger is written in the trial balance and the closing amount is calculated.
Method of Calculation of Trial Balance
There are two methods of calculation of trial balance.
- Total method.
- Balancing method.