If the trial balance has a smaller debit balance than credit balance,it signifies:
A)Assets are more than liabilities.
B)A profit.
C)A loss.
D)An error has been made.

Question

Quizplus · Accepted Answer

A trial balance with a smaller debit balance than credit balance indicates an error in the accounting entries, as total debits should equal total credits in a correctly balanced trial balance.

If the Trial Balance Has a Smaller Debit Balance Than