Instruction
1
Trial balance or balance list should be prepared at the end of the month on the basis of data available for each synthetic account: balances (balances) at the beginning and at the end of the month, the momentum for the month.
2
In statement, record all your company uses a synthetic account. Each individual account take a separate line in which indicate the opening and closing balances, debit activity, and credit. If the account has not been made any movements during the reporting period, then specify only the initial and final balances (Saldo). To check correctly if was drawn up a trial balance, you should know some rules.
3
Summary of debit of initial values and the balances on the accounts in any case must be equal with the total of credit starting balances.
4
Total debit turnover over a given period should be equal to the total credit turnover.
5
Summary of the final credit balance shall be equal to the total debit ending balance.
6
The formation of trial balance is based on the use of double-entry which allows accounting to control the accuracy of the reflection of many business operations. Because each amount is reflected on the debit one account and credit another account, the total turnover on the debit of all accounts should equal the result of the revs on loan by all accounts. If this equality is not, it means that is made in the notes on the accounts, mistakes were made that must be found and corrected.
7
Thus, double entry represents one of the methods to ensure the permanent balance of generalization all of the indicators which reflect the turnover of assets of the company, interlocking with the sources of their formation.
