On a trial balance the total of all debits must equal the total of all credits.

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This statement is true. A trial balance is a financial statement that lists all accounts and their balances to ensure that the total debits equal the total credits. This is an important step in the accounting cycle to ensure accuracy and completeness of financial data. If the trial balance does not balance, it indicates that there is an error in the accounting records that needs to be corrected.

On a Trial Balance the Total of All Debits Must