Discussion Topic

Debit and Credit

Debit and Credit

by Muntasir Chowdhury -
Number of replies: 0

What does it mean if the debit and credit amount are the same on the trial balance?
If the total debits equal the total credits, the trial balance is considered to be balanced, and there should be no mathematical errors in the ledgers. However, this does not mean there are no errors in a company's accounting system.