A trial balance proves the equality of the total debits and total credits of the accounts listed.

Question

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A trial balance is a list of all the accounts and their balances at a specific point in time. The purpose of the trial balance is to ensure that the total of all debits equals the total of all credits in the accounts. If the trial balance is in balance, it proves that the accounting equation (assets = liabilities + equity) is being followed and that the books are accurate. Therefore, the statement "A trial balance proves the equality of the total debits and total credits of the accounts listed" is true.

A Trial Balance Proves the Equality of the Total Debits