NCERT Solutions for Class 11 Accounting Chapter 6 Trial Balance and Rectification of Errors


The task of preparing the statements is simplified. Because the accountant can take the balances of all accounts from the trial balance instead of going through the whole ledger, it may be noted that the trial balance is usually prepared with the balances of accounts. Rectify the errors with suspense account. Trial Balance is a statement which accounts all the balances of the Personal account, Real account, and Nominal account regardless of either Revenue or Capital A/c. It comprises of 2 columns viz., debit and credit. If the transactions are documented systematically by providing dual-sided effect and later posted methodically, then the total of both the columns would be similar.

In other words, a trial balance is a worksheet record book that reflects the debit and credit balance of all the registered accounts. This worksheet statement is used to prepare the final account report of the company. Trial balance also determines the accuracy of the account. However, it doesn’t ensure that the account is error-free but indeed gives mathematical precision.