Discussion Topic

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?

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 Aklima Akter Mitu -
Number of replies: 0

Trial balance is prepared to check that posting of all the transactions is done properly. if the total of two columns of trial balance are equal, it means that  all the accounting balanced are correct.  But it does not means all mathmatical accuracy  of  financial transactions