How To Match Trial Balance With Balance Sheet
A Trial Balance should match or agree with Balance Sheet otherwise, the total of de b it accou nts a nd credit accounts in trail b ala nce is not equalized. Also, t h e assets side and liab ilities side i n b ala nce sheet are not balanced and hence as a result, t h e fi nancial statements did not s how true a nd fair view of financial information. To matc h the trail b ala nce wit h b ala nce s heet, there may b e errors, mistakes a nd frauds due to w hich these are not agreed in monetary value, w hich must b e corrected. There may be possible reasons, errors or mistakes (mentioned below) due to which not only t he de b it amou nts and credit amounts of trail balance are not agreed b ut also a trial b ala nce is not agreed with b ala nce s heet. (i) Errors Causing Agreement of Trial Balance (ii) Errors Causing Disagreement of Trial Balance (iii) For uncertainty or if the accountant is unclear about a particular account or when the trial balance is not agreed du...