Though the trial balance helps to ensure the arithmetical accuracy ofthe books of accounts, it is possible only when the accountant has not committed any error. As all the errors made are not disclosed by trial balance, it would not be regarded as a -conclusive proof of correctness of the books of accounts maintained.
(e.g.,) errors of complete omission, compensating errors, etc., will not affected the trial balance.

(i) After transferring all the ledger account balances, if the trial balance does not tally, steps must be taken to locate and rectify errors.
(ii) If the errors cannot be rectified, then the trial balance is tallied by transferring the difference between the total of debit balances and the total of credit balances to a temporary account called suspense account.

Trial Balance is a connecting link between the accounting records and the preparation of financial statements. The availability of a tallied trial balance is the first step in the preparation of financial statements, as it contains the balances of all the accounts.
All revenue and expenses account, which appear in the trial balance are transferred to the trading and profit and loss account and all liabilities, capital and assets accounts are transferred to the balance sheet.

The debit side of the trial balance will be more by Rs. 10,000.

(i) Carriage outwards - Debit
(ii) Carriage inwards -  Debit
(iii) Sales - Credit
(iv) purchases - Debit
(v) Bad debts - Debit
(vi) interest paid - Debit
(vii) Interest received - Credit
(viii) Discount received - Credit
(ix) capital - credit
(x) Drawings - Debit
(xi) sales returns - Debit
(xii) purchase returns - credit

A trial balance can be prepared in the following methods.
(i) Total Method
(ii) Balance Method.
(iii) Total and Balance Method

Trial balance is prepared in the following format under the balance method.
Trial balance As on...............

(i) A trial balance is a statement containing the debit and credit balances of all Ledger Accounts on a particular date.
(ii) It is arranged in the form of debit and credit columns placed side by side and prepared with the object of checking the arithmetical accuracy of entries made in the books of accounts and to facilitate preparation of financial statements.

1) Sundry debtors - Debit
2) Creditors - Credit
3) Cash in hand - Debit
4) Bank overdraft - Credit
5) Salary - Debit
6) Discount allowed - Debit
7) Plant and machinery - Debit
8) Furniture - Debit