What is General Ledger and Trial Balance?

10. Dec 2022
What is General Ledger and Trial Balance?

Ledger - Ledger is the main book in which the account of money transactions is kept. Now a days it is also in the form of computer files. All the transactions in Ledger are written according to the account which has two separate columns of Debit and Credit.

 According to Bottleboy, the ledger is the main book of accounts and in this book all the business transactions are finally divided and placed in their respective accounts.


 All personal, real and unreal accounts are kept in the ledger. Generally, ledger is in the form of register. The page number is marked on each of its pages. In this way, after making entries of transactions in the journal and subsidiary books, they are classified. This classification takes place in the ledger.


 Trial Balance


 When there is a transaction in a company, then all those transactions are written in the journal and then all balance transactions from the journal are written in the ledger. After writing, it becomes necessary to know whether the writing done in the ledger is correct or not. For the purpose of checking this, a list is made which is called Trial balance.

 Trial means investigation and Balance means balance. The account which is prepared to check whether the balance in the ledger is correct or not is called Trial Balance.

Note - We can not guarantee that the information on this page is 100% correct.


Downloading any Book PDF is a legal offense. And our website does not endorse these sites in any way. Because it involves the hard work of many people, therefore if you want to read book then you should buy book from Amazon or you can buy from your nearest store.


No comments has been added on this post

Add new comment

You must be logged in to add new comment. Log in
Check Information about technical products, Books, latest launched products and more .
Get Latest Offer
Learn Anything
Factory Reset
How to Hard or Factory Reset?
Books and Novels
Latest Books and Novels
Osclass Solution
Find Best answer here for your Osclass website.
Check full Information about Electronic Items. Latest Mobile launch Date. Latest Laptop Processor, Laptop Driver, Fridge, Top Brand Television.
Pets Blog
Check Details About All Pets like Dog, Cat, Fish, Rabbits and More. Pet Care Solution, Pet life Spam Information
Lately commented