Page 309 - DMGT104_FINANCIAL_ACCOUNTING

Unit 14: Introduction to Tally

14.4.2 Trial Balance Notes

Trial Balance is a report of all account balances for the company sorted by groups, i.e., it is
displayed in a grouped form, comprising main groups and their closing balances. You can see
that the debit and credit balances match.
In Tally, the matching of the Trial Balance is a foregone conclusion since all voucher entries are
in Debit-Credit format and must balance at the entry point.
To view the Trial Balance
Go to Gateway of Tally > Display>Trial Balance

Notes As per accounting principles, the Trial Balance does not list Closing Stock.

 Select F1: Detailed to break down the grouped information or simply drill down a Group
for further detail.
The screen appears as shown

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