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Answer

Answer

by Md. Nayeem -
Number of replies: 0

The trial balance ensures that the debits equal the credits. It is important to note that just because the trial balance balances does not mean that the accounts are correct or that mistakes did not occur. There might have been transactions missed or items entered in the wrong account, such as increasing the wrong asset account when a purchase is made or the wrong expense account when a payment is made. Another potential error is that a transaction was entered twice.