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Trial Balance

Forums › FIA Forums › Trial Balance

  • This topic has 2 replies, 2 voices, and was last updated 4 years ago by maximus07.
Viewing 3 posts - 1 through 3 (of 3 total)
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  • June 9, 2021 at 7:59 pm #624267
    maximus07
    Participant
    • Topics: 446
    • Replies: 437
    • ☆☆☆☆

    Is trial balance part of double entry?

    June 9, 2021 at 8:33 pm #624280
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10648
    • ☆☆☆☆☆

    No. It simply lists out the balances of every account. These balances are the result of the double entries. Of the double entries haven’t been consistent ie Drs both equal to Crs the trial balance will not balance……meaning that an error was made.

    June 9, 2021 at 9:41 pm #624303
    maximus07
    Participant
    • Topics: 446
    • Replies: 437
    • ☆☆☆☆

    Thank you sir.

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  • The topic ‘Trial Balance’ is closed to new replies.

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