State whether the following statement is True or False. A trial balance is prepared only once in a year.
A
True
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
False
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution
The correct option is B False The preparation of trial Balance depends on requirement of the Management. Therefore, A Trial balance can be prepared monthly, quarterly, weekly or yearly also.