A trial balance is a listing of the ledger accounts and their debit or credit balances to determine that debits equal credits in the recording process. When using T-accounts, if the left side is greater, the account has a debit balance. If the right side is greather, the account has a credit balance.
Why it is said that same amount in Debit and Credit side in Trial balance does n't ensure the mathematical accuracy of financial transactions?
by Rabeya Bibi -
Number of replies: 0