REQUIREMENT OF TRIAL BALANCE

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 November 2009 IS IT COMPULSORY TO HAVE TRIAL BALANCE IF WE HAVE TWO OR MORE UNITS, BUT THE FINAL SALE IS FROM THE MOTHER PLANT AND THE OTHER UNITS DOES THE SALE TO THE MOTHER UNIT.

M Prabhakar Menon

M Prabhakar Menon (Expert)
Follow

07 November 2009 If u r maintaining books of accounts in the mercantile system no matter for which unit how do u check whether the books are tallied?

Satpal Singh

Satpal Singh (Expert)
Follow

07 November 2009 As Trail Balance is the conclusive proof of the aithmatic accuracy of the books of accounts. If you does not prepare the unitwise trial then how sholud you come to know that your books of accounts are arthmetically correct.

Upgrade to CAclubindia Pro. Subscribe Now!