Trial Balance and Rectification of Accounting Errors: Objectives, Significance

The compilation of these Accountancy Notes makes students exam preparation simpler and organised.

Trial Balance and Rectification of Errors

The final step before the preparation of the final accounts of the organization is the preparation of the trial balance. Preparing the trial balance helps the organization get an overall view of their ledger account balances. Another important aspect is that trial balances help us in the rectification of certain accounting errors. Let us take a look.