Final answer:
If you are out 81 cents on your balance sheet, look first in the debits and credits columns, then check the ledger accounts, and review the trial balance for errors.
Step-by-step explanation:
If you are out 81 cents on your balance sheet, the first place to look for the error is in the columns where you have recorded your debits and credits. Check your addition and subtraction to ensure accuracy. It is possible that you may have missed entering a transaction or made an error in calculation.
Another place to check for errors is in the ledger accounts. Compare the recorded transactions with their corresponding entries in the ledger to identify any discrepancies or missing entries.
Finally, review the trial balance. Ensure that all your account balances are included and properly classified as assets, liabilities, equity, revenues, and expenses.