Most widely used method in preparation of trial balance is __________.Totals-cum-balances methodAll of the aboveBalances methodTotals method (2024)

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A

Balances method

B

Totals method

C

Totals-cum-balances method

D

All of the above

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Solution

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Trial balance can be prepared in three ways:

1) Total cum balance method- In this method, total and balances both are captured in tabular form.

2) Total Method- In this method, total of debit and credit are incorporated in the tabular form.

3) Balance method- In this method, only balances are taken in the trial balance. This method is most widely used for preparation of trial balance.

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Most widely used method in preparation of trial balance is __________.Totals-cum-balances methodAll of the aboveBalances methodTotals method (2024)
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