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What can i do if my total in cash account is not the same in credit and debit side?​

User Lina
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1 Answer

5 votes

Answer:

Consider which items are meant for debit and credit.

Step-by-step explanation:

The principle of double entry States that for every debit entries, there must be a corresponding credit entries and vice versa. This principle follow suits when preparing ledger accounts and trial balance.

Trial balance is the arithmetrical accuracy of the ledger. Once double entry principle is adhered to, the trial balance must definitely balance.

Where there are differences, check that items which ought to be debited and credited are correctly done. Also check if correct amount is posted like avoiding transposition error.

User Chetan Singhal
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