Trial Balance

Trial Balance

Trial Balance MeaningThe trial balance is a bookkeeping systematized worksheet containing the closing balances of all the accounts. There are two sides to it:… Read Article
Debit and Credit

What are Debit and Credit

Debit and credit are two sides of the same accounting entry. These are the fundamental “effect” of each financial transaction. For maintaining correct accounting… Read Article
Accounting Period

What is Accounting Period?

The accounting period refers to the time period for which accounting books are balanced. The preparation of financial statements is done by business entities… Read Article