If total debits equal total credits in the trial balance,then all balances are correct.

Name: If total debits equal total credits in the trial balance,then all balances are correct.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If total debits equal total credits in the trial balance, it just means that the arithmetic of the trial balance is correct. It does not necessarily mean that all balances are correct. There could still be offsetting errors in the individual account balances.

If Total Debits Equal Total Credits in the Trial Balance,then