Discussion Topic

hy it is said that same amount in Debit and Credit side in Trial balance does n't ensure the mathematical accuracy of financial transactions?

hy 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 Rezwanul Islam Alve -
Number of replies: 0

The reason of a trial balance is to establish that the value of all the debit valuebalances equivalent the overall of all the credit value balances. It helps to verify the mathematical correctness by showing the debit and credit balance of all theindividual   accounts.   If   the   debit   agrees   with   the   credit   of   trial   balance,   the transaction is said to be accurate