One drawback of the trial balance is that it doesn’t account for bookkeeping errors. That means debits and credits will still add up even if they’re made to the wrong accounts. This is why it’s often ...

Errors made in the general ledger postings produce errors in the trial balance. Journal entries in particular can be problematic and should be checked carefully.

A trial balance is a basic accounting tool that lists all of a business's credits and debits in two side-by-side columns. If there are no errors, the two sides of the trial balance will be equal ...

In other words, the only accounts that appear on the post-close trial balance are the accounts that have a non-zero balance. With no debits or credits impacting these zero-balance accounts, they ...