The statement showing balance of all the ledger accounts is known as ______________.

Trial balance

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Balance sheet

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Bank reconciliation statement

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Profit and loss account.

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Solution

The correct option is A Trial balance
Trial Balance may be defined as a statement which contains balances of all ledger accounts on a particular date.

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Similar questions

Trial balance is a link between the ledger and final accounts. Explain.

State true or false:

1) A Trial balance is an account.
2) A Trial balance is helpful for preparation of final accounts.
3) A Trial balance is most important document.
4) A Trial balance may be prepared on any date.
5) In Trial balance opening stock is recorded in credit balance column.
6) Both sides total of an account are taken in Gross Trial Balance.
7) Purchase account always shows debit balance.
8) A Trial balance is a List of Ledger balances.
9) A Trial balance does not ensure accounting accuracy.
10) A Trial balance shows only arithmetical accuracy.

A Statement of Affairs is similar to the :

(a) Balance sheet
(b) Trial balance
(c) Trading Account
(d) Profit & Loss Account

Give one word, term or phrase for the following statement:

1) A List of Debit Balances and Credit balances in the ledger.
2) A Statement prepared to provide the base for preparing the final accounts.
3) A statement is prepared without balancing the ledger account.
4) Mention the side where goodwill A/c is appeared in the Trial Balance.
5) A List of both Ledger balances which is prepared after the closing of ledger Accounts.

Q. Select the most appropriate alternatives from those given below

A list of balances of all the accounts in ledger is called __________.
a) Balance Sheet
b) Profit & Loss A/c
c) Trading A/c
d) Trial Balance

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The statement showing balance of all the ledger accounts is known as ______________.

The correct option is A Trial balanceTrial Balance may be defined as a statement which contains balances of all ledger accounts on a particular date.

The correct option is A Trial balance
Trial Balance may be defined as a statement which contains balances of all ledger accounts on a particular date.