A trial balance that is "in balance" proves:

Question

Quizplus · Accepted Answer

A trial balance is a list of all the account balances and their respective debit or credit sides. If the total debit balance equals the total credit balance, then the trial balance is said to be in balance. This proves the equality of debits and credits, which is a fundamental principle of double-entry accounting. However, it does not guarantee that all journal entries were properly posted to the ledger or that all transactions were properly recorded during the accounting period, although it provides a good indication that these things have been done accurately.

A Trial Balance That Is "In Balance" Proves