Hello:
A client says that their historical year 2012 is out of balance by about $1,000.00. Also, about 60% of the accounts in their chart of accounts ends in "A", while the other 40% ends in "C".
When he runs a general ledger trial balance for 2012 for only the "A" accounts, the Net Change is $1,000.00. When he runs a comparable trial balance for the "C" accounts, the Net Change is ($1,000.00).
He feels that the difference has to be in one or more journal entries where there is a mix of accounts that end in "A" as well as "C", rather than journal entries that contain either only "A" or only "C".
Even after pinpointing such journal entries, how would one determine which journal entries reflect this out of balance amount?
Thanks! Much appreciated!
John