What Is Agreement Of Trial Balance
These are called the limits of test balance. The importance of the agreement on the balance sheet of the process is therefore not that it is absolute proof of the accuracy of the accounts, as it may still have errors that do not affect the balance sheet and that can be found in a review of the accounts. Errors that can occur when preparing the test balance can be divided into four categories: when a customer request for that transaction is charged $513 and $513 is credited to the sales account. Although both accounts are downsized by $18, the agreement on the trial balance of this error is not hindered. .