This trial balance is a financial statement that lists the current balances of all the general ledger accounts. It is prepared by extracting the account balances from the general ledger and organizing them into two columns: debit balances on the left and credit balances on the right.

The trial balance serves as a preliminary step in the accounting cycle and helps ensure the accuracy of the recording and posting of transactions. It allows accountants to verify that the total debits equal the total credits, which indicates that the books are in balance.

company name basis period starts on 1st of Jun2024. The assesement year is in 2026

For more detail, click to IRAS.

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