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greenwe
Oct 15, 2008, 05:49 PM
I have prepared entries in a journal but when I transfer the figures over to the trial balance sheet the numbers are way off and don't balance. I don't know how to figure out what I have done wrong. Where do I start?

pready
Oct 18, 2008, 01:43 PM
First I would check to make sure you posted your debits and your credits into the proper columns in the trial Balance. If you did then I would check my Account balances.

Another thing to do is check your journal entries. Did you post the transaction properly such as a Debit to an Asset or Exense account increased the account while a Credit to the Liability, Equity, or Revenue account increased the account while a Credit to the Asset or Expense account and a Debit to a Liability, Equity, or Revenue account Decreases the account.

Did you post the Transaction to the proper accounts.