A trial balance usually has no mathematical errors if the total debit amount equals total the credit amount.

Question

Quizplus · Accepted Answer

This is the fundamental rule of double-entry accounting, where every transaction is recorded with a debit and a credit entry, and the sum of all debits always equals the sum of all credits. Therefore, if the trial balance shows equal totals for debits and credits, it indicates that all transactions have been properly recorded without any errors. However, it is still possible to have errors, such as entering an amount in the wrong column or omitting a transaction altogether, but they will become apparent when the financial statements are prepared.

A Trial Balance Usually Has No Mathematical Errors If the Total