In order to establish the accounts at the end of the year, it is important that the balance of the tests be taken into account, as it implies that the assets and assets have been booked correctly for each booking. However, if errors affect the load and balance of the difference in amount, the test balance does not agree. In this case, a voltage account is used for an agreement on the balance of the sample. Rules for registering debit account balances and zero debit account balances in the credit debit currency column and column of the trial account balance without an in-kind account: As a result, $100 was briefly written on both sides of the accounts and therefore does not affect the agreement on the balance of the trial. These errors have no influence on the test balance, as the amount of such errors is reflected in the test review, albeit under the wrong heads. As a result, the total balance of the in-kind accounts corresponds to the total balance of the accounts in kind. To prepare a trial balance, we must first know if reservations are logging and recorded in in-kind accounts. When a test balance is accepted, i.e. a sum of debit columns and a column of credit money are identical, it proves that the in-kind accounts are arithmetically correct. A brief description of the trial balance sheet format is given below: the balance of the tests is a list of account balances on a given date and the first step towards building accounts. It is usually prepared at the end of a billing period to help create accounts. Accounts in kind are divided into receivables and balances.
Asset and fee accounts are posted on the test balance sheet account, while liabilities, capital accounts and product accounts are displayed on the investment page. If all accounting positions are properly accounted for and all account balances are correctly extracted, the sum of all account balances displayed in the trial balance must be the sum of all bars. If the totals of the test albums are the same, the accounting process is considered correct. Booking an item in the book sheet in the in-kind account, made by mistake on the right page of the wrong account, is called booking error. This type of misjudgment is not an obstacle to the balance of the teaching column and to obtaining a test check.. A company`s reservations are recorded in a main book and then added up to be included in a trial balance. In addition to in-kind account balances, cash accounts and cash assets of the account on that date are included in the trial balance sheet. A test balance contains the columns – serial number of accounts in kind, The first published description of the process is found in Luca Paciolis 1494 work Summa de arithmetica, in the particularis section of Computis and Scripturis. Although he did not use the term, he essentially prescribed a technique similar to the one that followed the completion of the process review.  Although the test balance is not an account, it is ready to fill out the following items; Preparing a trial balance for a company is used to detect mathematical errors that have occurred in the dual-entry accounting system. If the total charges correspond to the total credits, the balance of the tests is considered balanced and there should be no mathematical errors in the ledgers.
This does not mean that there are no errors in a company`s accounting system. For example, transactions that have been misclassified or are simply absent from the system may still constitute significant accounting errors that would not be detected in the test balance sheet process. A test balance only verifies the sum of the charges with the sum of the credits. That is why it does not guarantee that there are no errors. Below are the main error classes that are not detected by the test checkout.