Muhammad Mansoor

 Profile Answers by Muhammad Mansoor 

• Aug 7th, 2010

 

Yes, may be

for example, assets and expense have same nature
like, both go in debit side when transaction occur....
like prepaid and expired amount are place in wrong side but trial balance will be equal..
I hope you guys understood !
Thank You!

Nikhila

• Jul 14th, 2011

 

Yes,the trial balance matches even when there are errors.For example when there is a compensating error the trial balance still tallies.

DIPIKA

• Aug 13th, 2011

 

Trail balance may tally when there is an error of omission. ( for eg. if we made payment of rs. 1000/- for office expenses but both entries are omitted then trial bal will be tally )