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.
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 sukumol paul -
Number of replies: 0