how will rectify the error in trial balance.

Answer Posted / uma

It would be difficult to find out error in trial balance
for that u need to check out all the double entry book
keeping's and their ledger postings. If u would find it out
in the trial balance u could create suspence account to
equate the debit and credit total balance.

Is This Answer Correct ?    3 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How to prepare HSD statements in tally

1774


BRIEF IN DETAIL REGARDING RATIOS

1483


Tell us why did you select accounting as your profession?

639


Do you know partitioning in accounting?

619


What will be the journal entry of purchase and sale for ac purchased for 40000 vat 5% sold for 45000 vat5%

1147






Is it legal for an organization to keep two sets of accounting records; one for tax and one for book? Why or why not?

2209


What is the distinction between cost accounting and management accounting?

617


what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.

1399


WHAT IS THE VAT/CST RATE FOR PURCHASING COMPUTER/PHERIPHERALS FROM GUJARAT AGAINST C FORM, FOR DIU (UNION TERRITORY) AND WHAT RATE OF VAT/CST I HAVE TO PAY IN DIU FOR SALE.

2922


your company by machinary for Rs 3000000/-, what will be the maximum term lean avaible form bank?

1385


What a deferred asset is and give an example?

610


What are bills receivable?

607


What do you mean by gaap in accounting?

623


What is departmental accounting? Give an example

651


What are the four classifications of bad and doubtful debts as per the context of the bank?

685