Even though a trial balance reveals that the debits equal the credits,there may still be errors in the company's books.

Name: Even though a trial balance reveals that the debits equal the credits,there may still be errors in the company's books.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Just because the debits and credits are equal in the trial balance, it does not necessarily mean that all transactions were recorded correctly. There could still be errors such as omitted transactions, incorrect amounts, or postings to the wrong accounts.

Even Though a Trial Balance Reveals That the Debits Equal