On a trial balance if the debit and credit column totals, Ask an Expert

Accounting

On a trial balance, if the Debit and Credit column totals are equal, then:

All transactions have been recorded correctly.

All entries from the journal have been posted to the ledger correctly.

All ledger account balances are correct.

Equal debits and credits have been recorded for transactions.

The balance sheet would be correct.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91528942

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