Total debits must always equal total credits in order for a trial balance to balance.

Question

Quizplus · Accepted Answer

According to the fundamental accounting equation, assets must always equal liabilities plus owner's equity. This equation is reflected in the double-entry bookkeeping system where every transaction is recorded with both a debit and a credit, ensuring that the total debits always equal total credits. Therefore, a trial balance will only balance if total debits equal total credits.

Total Debits Must Always Equal Total Credits in Order for a Trial