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Question
Most widely used method in preparation of trial balance is __________.
Most widely used method in preparation of trial balance is __________.
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Solution
The correct option is C Balances method
Trial balance can be prepared in three ways:
1) Total cum balance method- In this method, total and balances both are captured in tabular form. 2) Total Method- In this method, total of debit and credit are incorporated in the tabular form.3) Balance method- In this method, only balances are taken in the trial balance. This method is most widely used for preparation of trial balance.
Trial balance can be prepared in three ways:
1) Total cum balance method- In this method, total and balances both are captured in tabular form.
2) Total Method- In this method, total of debit and credit are incorporated in the tabular form.
3) Balance method- In this method, only balances are taken in the trial balance. This method is most widely used for preparation of trial balance.
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