If total debits and total credits are not equal, you must locate and correct the errors. The
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If total debits and total credits are not equal, you must locate and correct the errors. The following trial balance errors are the most common:
• Addition and subtraction errors
• Transpositions
• Slides
• Omissions
• Incorrect debiting or crediting
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1 Addition and subtraction errors In words this says that the error in the result of an addition or subtraction is the square root of the sum of the s...View the full answer
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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