Describe the Process of Preparing a Trial Balance

question 198

Essay

Describe the process of preparing a trial balance. What is the purpose of preparing a trial balance? If a trial balance does not balance identify what might be the reasons why it does not balance. If the trial balance does balance does that insure that the ledger accounts are correct? Explain.

---

Definitions:

Recognize

The ability to identify something as familiar or previously encountered, based on memory or prior knowledge.

Visual Recognition

The cognitive process by which the brain identifies and understands objects, faces, and symbols seen through the eyes.

Visual Images

Mental representations of objects, scenes, or events that are not currently present to the senses.

Spatial Relationships

The understanding of how objects or points in space relate to each other in terms of distance, direction, and position.