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    greenwe's Avatar
    greenwe Posts: 1, Reputation: 1
    New Member
     
    #1

    Oct 15, 2008, 05:49 PM
    Journal and Trial Balance don't match
    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's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    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.
    belakar12's Avatar
    belakar12 Posts: 1, Reputation: 1
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    #3

    Jun 20, 2011, 05:13 AM
    Purchase furniture rs.2000 in cash - what is the journal
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #4

    Jun 20, 2011, 06:31 AM

    Debit Furniture or Plant, Property, & Equipment - Furniture for the amount (Use whatever Asset Account for furniture that you have)
    Credit Cash for the amount

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