Difference in trial balance.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 December 2012 we have taken opening balances of cash & bank bal. from last yr. It is an educational institution. and we have checked all the ledgers and cash book and JV also.. but we couldn't find any error. there is still a difference of some rs.66000 in the trial balance.. what could be the possible reason. reply as soon as possible. urgent

naresh

naresh (Expert)
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24 December 2012 Difference in trial balance can only be due to one reason,there is a mismatch in Debit and Credit entry.If you could check all the Accounting entries made you will find the difference.

Querist : Anonymous

Querist : Anonymous (Querist)

25 December 2012 sir but we checked all the ledgers also.. there also we didn't find any mistake.

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