9D: Finding and Correcting Errors in the Trial Balance

• 1. Total the Trial Balance columns again to make sure that the addition is correct.
  2. Check to see whether any account balance has been omitted from the trial balance.
  3. Compare the figures on the trial balance with the correct amounts have been listed on the trial balance and that they were replaced in the proper money columns.
• Errors Not Revealed by the Trial Balance

  • Omitting a transaction completely
  • Debiting or crediting the wrong accounts
  • Entering the amount of a transaction incorrectly
  • Entering the same transaction twice
• If the trial balance is in balance, it is probable that the accounts in the ledger are correct. If the total debits and the credits are not equal, the trial balance and the accounts must be checked to find and then correct the error.