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Trial Balance is commonly prepared

This question belongs to Commerce Accounting
Accounting
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Trial Balance is commonly prepared

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Correct Answer: Option B
Trial Balance is commonly prepared at the end of an accounting period. It is usually prepared at the end of an accounting period to assist in the drafting of financial statements.
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2 Comments
Shahbaz Ali
Shahbaz Ali 5 years ago
A company prepares a trial balance periodically, usually at the end of every reporting period. The general purpose of producing a trial balance is to ensure the entries in a company's bookkeeping system are mathematically correct.
CA Pawan
CA Pawan 6 years ago
no fix time for preparing trail balance
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