Business Studies J.S.S 3 Second Term

WEEK 7

Trial balance

Performance Objectives

Students should be able to:

    1. Explain the meaning of a trial balance.

    2.  State the functions of trial balance.

    3. Extract balances from ledgers to form trial balance.

 Content

Meaning of Trial Balance

A trial balance is a list of balances extracted from the ledger. It consists of individual debit and credit balances from various ledger accounts.

Format of trial balance

.... View More Subscribe now to gain full access to this lesson note Take Me There Click here to gain access to the full notes. Subject Scheme & Timeline: Revision of last terms question paper Consumer protection agency How to seek redress How to make complaints Personal finance Business Studies JSS3 Second Term Mid-Term Assessment - Test Forms of trial balance Trial balance Trading, profit and loss account Balance sheet Business letters Business Studies JSS3 Second Term Final Assessment - Test Chapters 12 Category JSS3 Author ClassNotes Edu Bulk Purchase For Schools & Teachers Discounted Price For Schools and Teacher who want to subscribe to all of the subjects, a class or term at a discounted price. Order Now Custom Bundle Create Your Bundle Discounted Price Need many subjects? Waste no time. Select many subjects together in one subscription at a discounted price. Create Bundle