The agreement of the debit and credit totals of the trial balance gives assurance that:

Question

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The agreement of the debit and credit totals of the trial balance means that the total debits equal the total credits, which is the fundamental principle of double-entry accounting. This gives assurance that the accounts have been balanced correctly and there are no mathematical errors in the ledger. However, it does not necessarily ensure that all transactions were posted correctly or that no transactions were omitted, as errors can still occur despite the balance being correct.

The Agreement of the Debit and Credit Totals of the Trial