Any miscalculated or wrongly-transcribed journal entry in the ledger can cause an incorrect trial balance. It is best to look out for errors early, and correct them on the ledger instead of waiting
A common reason for a lingering balance on your opening balance equity account includes bank reconciliation adjustments that weren’t done properly. Opening Balance Equity accounts show up under
A lower D/E ratio is better for established companies, showing less debt use. Newer and growing companies might have higher D/E ratios to fund their growth. The debt-to-equity
