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At other times the balance calculated may be smaller than the real balance.
Errors detected by trial balance. A Trial Balance can reveal a number of errors as pointed out here. It is then said that the balance is overstated or overcast. It is just a proof only of the arithmetical accuracy of the postings involved.
Recheck the Unbalanced Trial Balance Column Totals. To find out what errors are not revealed it is important to remember how a Trial Balance works. The total of debits may be equal to the total of credits yet still there may be errors.
Some errors are detected and others are not. If one-sided or two debit entries are made. Accounts are supposed to be maintained following double entry policy.
Extraction Error If a ledger account balance is incorrectly recorded on the trial balance either by recording the wrong figure or putting the balance on the wrong side of. Errors of omission if the omission is one-sided Errors of commission for eg. This means such errors will remain hidden.
Those detected once seen can be corrected. When a transaction occurs it is entered in a source document. When a transaction goes completely unrecorded in both aspects or a transaction after being recorded in the books of primary entry is not at all posted in the ledger the error is an error of omission.
This complete reversal mistake affects both debit and credit postings for a transaction. It is only the diligence and ingenuity of the person preparing the accounts which would help. Trial balance is a listing of summary debit and credit account in which the total amount of credit side equal to the total amount of debit side.
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