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There are three methods in which a Trial Balance can be prepared. Which are as follows :
These could be explained as under:
Under this method, two sides of the accounts are totaled. The total of the debit side is called the “debit total” and the total of the credit side is called the “credit total”. All the debit totals are entered on the debit side of the Trial Balance while the credit total is entered on the credit side of the Trial Balance
If any particular account has a total on one side, it will be entered either in the debit column or the credit column as the case may be.
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The benefits of Trial balance could be found in the following:
Read More on Trial Balance
What is Trial Balance, How to Prepare Trial Balance, Rules & Examples of Trial Balance, Errors in Trial Balance
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