trial balance - troubleshooting

[DaveC49]

There is no requirement for the debits and credits on an individual account
to sum to zero. This is a strict requirement on the debits and credits
involved in an individual transaction and those debits and credits can
involve two or more accounts.

For an individual account e.g. an asset  or expense account the requirement
would be that the 

Opening Balance + Sum ( debits to the account) - Sum( credits to the
account) = Closing balance 

 where the Opening Balance is the Balance at a specified date and the
Closing balance is the balance at another specified date after the opening
date and the debits and credits are for all transactions to the account
between the opening and closing dates.

For Liability, Equity and Income accounts the appropriate relationship is

Opening Balance - Sum ( debits to the account) + Sum( credits to the
account) = Closing balance.

These relationships are a consequence of the accounting equation and the
conventional definitions of debit/ credit  for each type of account.

Hope this helps to find the problem

Cheers
DaveC49



--
View this message in context: http://gnucash.1415818.n4.nabble.com/trial-balance-troubleshooting-tp4684874p4684972.html
Sent from the GnuCash - User mailing list archive at Nabble.com.