A trial balance that balances proves only that the debit accounts equal the credit accounts.

Name: A trial balance that balances proves only that the debit accounts equal the credit accounts.
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Quizplus · Accepted Answer

A trial balance that balances only proves that the total debits equal the total credits in the ledger, not that the transactions were recorded in the correct accounts or that all transactions were recorded.

A Trial Balance That Balances Proves Only That the Debit