Question
Asked Feb 22, 2019
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How do you find the error of trial balance. Please explain to me in a easiest way to remember 

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Expert Answer

Step 1

Following are the steps that can be used to find out the errors in a trial balance:

 

Step 1:

 

Total the columns of debit and credit in the trial balance to arrive at the exact total.

 

Step 2:

 

Double check whether the balance of all ledger accounts is accurate.

 

Step 3:

 

Re-check the pr

Following are the steps that can be used to find out the errors in a trial balance:

 

Step 1:

 

Total the columns of debit and credit in the trial balance to arrive at the exact total.

 

Step 2:

 

Double check whether the balance of all ledger accounts is accurate.

 

Step 3:

 

Re-check the process of posting from books of original entries to ledger accounts.

 

ocess of posting from books of original entries to ledger accounts.

 

Step 2

Step 4:

 

Re-capitulate whether the balances placed in all ledger accounts are correct. Look, if all credit balances are placed under the credit column and all debit balances are placed under debit colum...

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