PREPARATION OF TRIAL BALANCE- PRICEDURE

1. As the trial balance is prepared on particular date that particular date should be shown in the head of trial balance.
2. Trial balance is prepared in the form of statement containing so no, Name of the account, ledger Folio, debit balance and credit balance.
3. The debit balance of the accounts are to be written in debit column, where as credit balanced of the accounts to be written in the credit column of trial balance. The totals of both columns should be equal, it proves arithmetical accuracy.

Aspects to be considered while preparing trial balance

First prepare the format of trial balance showing heading with date on which it is prepared. Whenever the balance of ledger accounts are given based on the nature of the account decide whether the account us debit or credit.

Generally the accounts which show debit balance are the accounts of various assets, expenses and losses, debtors, drawings etc. The accounts which show credit balance are capital accounts, loan a/c, profit and gains a/c etc.