Question
What is Utaro ? How it is prepared ?
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Answer
The Businessman prepares a statement based on the Baki (balance) of each accounts. This statement is called ‘Utaro’. Under Double Entry system of accounting of accounting, this statement is called “Trial Balance.” With the help of Utaro, it can ascertained whether the accounts are arithmetically correct or not. Utaro is prepared at the end of an accounting year, before preparing final accounts.Utaro is prepared in pages with eight folds like Rojmel. In Utaro, the closing balance(Baki) of each account is written. For this purpose, the account (Khatu) having credit (Jama) balance (Baki) is written on the Jama side of the Utaro and the account (Khatu) having debit (Udhar) balance is written on the Udhar side of Utaro. Then, the total of the accounts on Jama side and the total of the accounts on Udhar side, are arrived and they are written on the respective sides in third fold. Then, the difference of the total of the amounts on both the sides, is found out and written on the sides which is short (always on Udhar side) and it is written as Shri PurantBaki in the folds particulars. Shri PurantBaki as per Utaro, is tallied with Shri PurantBaki as per Rojmel or Bethomel.
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