If the sum of the debit column equals the sum of the credit column in a trial balance, it indicates
A) no errors have been made.
B) no errors can be discovered.
C) all entries have been posted.
D) the mathematical equality of the accounting equation.

Question

Quizplus · Accepted Answer

The trial balance showing equal debit and credit columns primarily indicates that the accounting equation (Assets = Liabilities + Equity) remains in balance, reflecting the dual aspect of each transaction. It does not guarantee the absence of errors or that all entries have been correctly posted.

If the Sum of the Debit Column Equals the Sum