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PUJA JENA (14MFC008) 
PRITISHA PRIYADARSHINI (14MFC016) 
INSHA KANUNGO (14MFC024) 
LALIT PRASAD PATRA (14MFC032) 
MILAN SARANGI (14MFC040)
The Trial Balance is a statement of ledger 
account which balances as on a particular 
instance.
To check the arithmetical accuracy. 
To check if , Debits = Credits.
Generally prepared at the end of the year. 
Theoretically it can be prepared as and when 
needed.
Balance Method 
Total Method 
Balance Totals Method
Errors can be classified into: 
- Errors that are not disclosed by Trial Balance. 
- Errors that are disclosed by Trial Balance.
Errors of Omission 
Errors of Commission 
Errors of Principle 
Compensating Errors 
Errors of Original Entry 
Errors of Complete Reversal
Errors of calculation 
Posting to wrong side of an account 
Errors in amounts 
Recording half an entry
Correcting Errors 
Suspense Account
Computerized Packages introduced 
Tally- Most basic 
SAP- Most Detailed

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Trail balance