Causes And Verification Of Initial Balance Loan Imbalance

(1) the main reason why the balance of the initial balance of the ledger on the balance sheet does not tally with the total balance of the credit balance. The common reason is that the figures are wrongly copied when compiling the balance sheet.

The balance at the beginning of the current period should be the final balance of the previous period. If the trial balance was prepared in the previous period and the balance at the end of the year was equal, there would be a mistake in compiling the table.

Another reason is that the aggregate sum of the borrower at the end of the last year's trial balance is not consistent with the aggregate credit, resulting in the aggregate balance at the beginning of the trial balance on the balance sheet which is not consistent with the total credit balance.

The tracing of the specific reasons can be carried out according to the balance checking method at the end of the balance.

When the total amount of the remaining balance is in line with the aggregate of the lender, it can be preliminarily concluded that there may be errors in the digital copying during the current period. At this time, the aggregate balance of the last balance of the trial balance should be checked separately with the total sum of the two parties at the beginning balance of the current trial balance, and if the aggregate sum of the two parties is inconsistent on the two trial balance, and the other party is identical, the inconsistent party can become a clue to verify. The balance of the account can be checked one by one, and finally, the error can be found (i.e. the balance of one party in an account which is inconsistent on the two table). (two) verification method, if the inspectors have identified the previous trial balance.

If the above method is used to verify the balance of the two accounts, the balance of the same account on the same table is also consistent. If the calculation of the total balance of the two tables is checked correctly, if the same balance is found, the balance of the account balances on the balance sheet of the previous trial shall be checked directly with the actual balance of the general ledger accounts. Under normal circumstances, the pfer errors can be disclosed unless the account balance is calculated and the influence of the account error is affected.