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Question
What happens if the trial balance is not tallied?
What happens if the trial balance is not tallied?
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Solution
If a trial balance is not tallied, the value of the credit and the debit balances are not equal, then it indicates that there is something wrong with the trial balance and the debit and credit balances need to be checked individually to find out any discrepancies.
Also read:
- How to Prepare Trial Balance
- Income and Expenditure Account Based on Trial Balance
- MCQs on Trial Balance
Learn about more commerce questions and answers from different topics in business studies, economics and accountancy from our website.
If a trial balance is not tallied, the value of the credit and the debit balances are not equal, then it indicates that there is something wrong with the trial balance and the debit and credit balances need to be checked individually to find out any discrepancies.
Also read:
- How to Prepare Trial Balance
- Income and Expenditure Account Based on Trial Balance
- MCQs on Trial Balance
Learn about more commerce questions and answers from different topics in business studies, economics and accountancy from our website.
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