Which of the following is provided by a trial balance in which total debits equal total credits?

Question

Quizplus · Accepted Answer

A trial balance in which total debits equal total credits provides proof that the ledger is in balance. This means that the total debits recorded in the ledger equal the total credits recorded in the ledger. However, it does not necessarily provide proof that transactions have been correctly analyzed and recorded in the proper accounts or that the correct debit or credit balance has been computed for each account. It also does not provide proof that no transaction was completely omitted from the ledger during the posting process.

Which of the Following Is Provided by a Trial Balance