My answer about that question by Farzana Prity - Friday, 1 July 2022, 6:01 PM Number of replies: 0 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.Key to preparing a trial balance is making sure that all the account balances are listed under the correct column. The appropriate columns are as follows:Assets = Debit balanceLiabilities = Credit balanceExpenses = Debit BalanceEquity = Credit balanceRevenue = Credit balance. Permalink