Objectives of Preparing Trial Balance

(i) It is a check on the accuracy of posting. If the trial balance agrees it proves that:

(a) the books are arithmetically accurate, and

(b) both the aspects of the transactions have been recorded in the books of original entry as well as in the ledger.

(ii) It brings together the balances of all the accounts at one place and this facilitates the preparation of final accounts and balance sheet.