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 Faisal Hassan -
Number of replies: 0

The majority of the time, it is not corrected in broad journals. As a result, the trial balance we get from there is likewise unadjusted and just gives us a broad idea of the debit and credit. However, in order to evaluate the mathematical correctness of the financial transaction, we must first identify the adjusting journal before we can acquire the adjusted trial balance.