Trial balance in tally

Tally. ERP 9

1. PRESENTATION ON TRIAL BALANCE IN TALLY PRESENTED TO : MS . ARSHPREET KAUR PRESENTED BY: KAJAL 17193148

2. WHAT IS TRIAL BALANCE ?   A Trial B alance is a summary of all ledger balances, and helps in checking whether the transactions are correct and balanced. If journal entries are error-free and posted correctly to the general ledger, the total of all debit balances should be equal the total of all credit balances. RULES: A trial balance is a worksheet with two columns, one for debits and one for credits, that ensures a company’s bookkeeping is mathematically correct.  The debits and credits include all business transactions for a company over a certain period, including the sum of such accounts as assets, expenses, liabilities, and revenues.  Debits and credits of a trial balance being equal ensure there are no mathematical errors, but there could still be mistakes or errors in the accounting systems .

3. FOR EXAMPLE:

4. Preparing a trial balance for a company serves to detect any mathematical errors that have occurred in the double-entry accounting system. If the total debits equal the total credits, the trial balance is considered to be balanced, and there should be no mathematical errors in the ledgers. However, this does not mean there are no errors in a company's accounting system. How a Trial Balance works ?

5. TO VIEW THE TRIAL BALANCE IN TALLY Go to Gateway of Tally  . Then Click on   Display :

6.   Then Trial Balance appears  . Then Click on Trial Balance.

7. Then the  Trial Balance appears as shown below:

8. ●  Press F12 to configure. The Configuration screen appears as shown below: CONFIGURATION I N TRIA L BALANCE

9. After the configurations have been set, the Trial Balance appears as shown below: