Disagreement of a Trial Balance

When the totals of the debit and credit column of a trial balance are not the same, it is known as disagreement of a trial balance. It is due to errors of ledgers.

What are the reasons to disagreement of a trial balance?

The debit and credit of trial balance must be equal.

When the totals of the debit and credit column of a trial balance are not the same, it is known as disagreement of a trial balance.

It is due to errors of ledgers.

When such a disagreement occurs, it is necessary to tally the trial balance.

Then we should prepare final accounts.

Otherwise, final accounts will not be equal or accurate.

Some useful steps to detect errors are given below:

a.    Check carefully the preparation of the trial balance.

b.    Find out the difference of the debit and credit of the trial balance.

c.     Divide by two for difference amount.

d.    Check whether there is any account head with a balance equal to this quotient.

e.     If there is quotient, then see whether this balance has been taken into the concerned column or not.

f.       Check if all ledger balances are included in the trial balance.

g.    Check the balancing of all accounts.

h.    Confirm that all postings are made.

i.       See that all the opening balances are brought forward and correctly.

j.       Scrutinize all postings thoroughly.

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