Question

What is Trial Balance ? why is it prepared ? What steps would you take to find out the errors when a trial balance does not tally ?​

Answer 1

Answer:

Steps to locate Error in Trial Balance

Calculate the exact difference in the trial balance. Check whether there is an omission of any ledger balance in the trial balance. Also, check the ledger accounts and balances again. Check the posting of ledger balances to trial balances.