Class 11 Accountancy - Chapter Trail Balance and Rectification of Errors NCERT Solutions | What are the methods of preparing trial

Welcome to the NCERT Solutions for Class 11th Accountancy - Chapter Trail Balance and Rectification of Errors. This page offers a step-by-step solution to the specific question from Excercise ".$ex_no." , Question 4: what are the methods of preparing trial balance....
Question 4

What are the methods of preparing trial balance?

Answer

a) Total Method: In this method, ledger accounts are not balanced. They are totaled. These totals are entered in the debit and credit columns.
b) Balance Method: Under this method, the closing balances of ledger accounts are tabulated in a separate statement. The brought down balances are  brought to this statement.

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