If the Debit and Credit column totals of a trial balance are equal, then
A)All ledger account balances are correct.
B)All entries from the journal have been posted to the ledger correctly.
C)The total debit entries and total credit entries in the ledger are equal.
D)No sliding or transposition errors have been made.
E)All transactions have been recorded correctly.

Question

Quizplus · Accepted Answer

The trial balance being equal indicates that the total debits and credits in the ledger are equal, but it does not guarantee that all entries are correct or free from errors like omissions or transpositions.

If the Debit and Credit Column Totals of a Trial