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7/24/2019 Chap6 Trial Balance
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Chapter 6Trial BalanceBBA1113/BBA1114| Fin. Acc.
Fundamentals
Prepared by Maniam
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7/24/2019 Chap6 Trial Balance
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ALL !"#T$ %$%&%'() part )* this d)cument may be repr)duced
+ith)ut +ritten appr),al *r)m Lim-)-+in ni,ersity )* Creati,e
Techn)l)y 0)rld+ide
FACLT 2F B$!(%$$ MA(A"%M%(T A(' "L2BAL!AT!2(
BBA1113/BBA1114Fin. Acc. Fundamentals
Trial Balance
Trial Balance is a list )* debit and credit balances.
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7/24/2019 Chap6 Trial Balance
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ALL !"#T$ %$%&%'() part )* this d)cument may be repr)duced
+ith)ut +ritten appr),al *r)m Lim-)-+in ni,ersity )* Creati,e
Techn)l)y 0)rld+ide
FACLT 2F B$!(%$$ MA(A"%M%(T A(' "L2BAL!AT!2(
BBA1113/BBA1114Fin. Acc. Fundamentals
The double entry systemA trial balance will look like
this:Details Debit Credit
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ALL !"#T$ %$%&%'() part )* this d)cument may be repr)duced
+ith)ut +ritten appr),al *r)m Lim-)-+in ni,ersity )* Creati,e
Techn)l)y 0)rld+ide
FACLT 2F B$!(%$$ MA(A"%M%(T A(' "L2BAL!AT!2(
BBA1113/BBA1114Fin. Acc. Fundamentals
Trial balance
Trial Balance is e5tracted at the end )* an acc)untin peri)d
a*ter cl)sin all
the leders.
There +ill be t+) types )* balances in the leder i.e. 'ebit
br)uht d)+n
balances and Credit br)uht d)+n balances.
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7/24/2019 Chap6 Trial Balance
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ALL !"#T$ %$%&%'() part )* this d)cument may be repr)duced
+ith)ut +ritten appr),al *r)m Lim-)-+in ni,ersity )* Creati,e
Techn)l)y 0)rld+ide
FACLT 2F B$!(%$$ MA(A"%M%(T A(' "L2BAL!AT!2(
BBA1113/BBA1114Fin. Acc. Fundamentals
Trial Balance
7 Trial balance sh)+s the arithemetic accuracy )* rec)rdins in
the leders.
7 #)+e,er 2ne can ma-e mista-e in the rec)rdins in the leders
and yet
the trial balance can balance.
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7/24/2019 Chap6 Trial Balance
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ALL !"#T$ %$%&%'() part )* this d)cument may be repr)duced
+ith)ut +ritten appr),al *r)m Lim-)-+in ni,ersity )* Creati,e
Techn)l)y 0)rld+ide
FACLT 2F B$!(%$$ MA(A"%M%(T A(' "L2BAL!AT!2(
BBA1113/BBA1114Fin. Acc. Fundamentals
Trial Balance
7 The types )* err)rs that can ta-e place in trial balance can
be classi8ed as
*)ll)+9
7 %rr)r )* )missi)n
7 %rr)r )* c)mpensati)n
7 %rr)r )* principle
7 %rr)r )* c)mmissi)n etc.
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7/24/2019 Chap6 Trial Balance
7/7ALL !"#T$ %$%&%'
() part )* this d)cument may be repr)duced +ith)ut +ritten
appr),al *r)m Lim-)-+in ni,ersity )* Creati,e Techn)l)y
0)rld+ide
FACLT 2F B$!(%$$ MA(A"%M%(T A(' "L2BAL!AT!2(
BBA1113/BBA1114Fin. Acc. Fundamentals
Trial Balance
7 Error of original entry
7 Complete reversal of entries
7 Transposition errors
