Submitted Questions

  • When trial balance matches there could be a error, explain?

    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 )

    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.