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)that all accounts reflect correct balances.
D)the mathematical equality of the accounting equation.

Question

Quizplus · Accepted Answer

The trial balance ensures that the total debits equal the total credits, reflecting the mathematical equality of the accounting equation (Assets = Liabilities + Equity), but it does not guarantee the absence of errors or the accuracy of account balances.

If the Sum of the Debit Column Equals the Sum