Some useful and important points about the trial alignment report;
Note 1- Trial balance is a report during which the performance of recording documents based on double accounting is checked and shows the correctness of the performance of accountants (the sum of the debtor and creditor columns in each column of the report must be equal). If the trial balance is not aligned, it indicates improper performance and incorrect reporting or incorrect financial records and entry of incorrect documents into the collection.
Note 2- This report is equivalent to the company’s balance sheet plus the profit and loss statement (in the last two columns) and is equivalent to the balance sheet if all temporary accounts are closed.
Note 3- The trial alignment is displayed on two basis (alignment based on documents recorded in the desired date range or documents registered and unrecorded in the desired time range)
Ticket 4- The alignment is displayed in two-, four-, six- and eight-column forms. The final column of the alignment (left over at the end of the period) is the same in all types of trial alignment.
Note 5- If the first two columns of the report are not correct in the trial balance, it is the case that we have one or more documents belonging to this fiscal period whose document date is before the beginning of the fiscal period and are displayed in the trial balance. Changed the definition of the fiscal period range but did not move the documents of this range)
Note 6- In the trial balance, it should be considered that the balances of the subsets of a general account or a particular account are not balanced in terms of accounting science (the turnover of the debtor and the creditor are not equal) and are a report of the balance and turnover of these accounts.
Note 7- The two-column alignment report from date D1 to date D2 in the report is all accounts that have a balance on date D2.
Mehdi Koh Soltani (Financial Services; Accounting; Tax Financial Advisor):
Tabriz Accountants Group
https://t.me/joinchat/BnzBsTuioTshiXBwf9bBPQ