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 Abdun Nafi Annafi -
Number of replies: 0

In most of the cases in general journal its not adjusted. Thus the trial balance we get from there is also not adjusted which gives us a mere basic view of the debit and credit. But to get the mathematical accuracy of financial transaction we have to find out the adjusting journal only then we can get the adjusted trial balance.