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Meaning of Trial Balance

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Question

Give one word, term or phrase which can substitute each of following statements:
Where will Goodwill appear in the Trial Balance?

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Solution

Debit balance column

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Debit balance of Pass Book.

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Account to which difference in trial balance is transferred.

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The statement showing list of all ledger balances.

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The credit balance of Trading Account.

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The debit balance of Trading Account.

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Meaning of Trial Balance

Standard XI Accountancy

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