Multiple Choice
If the sum of the debit column equals the sum of the credit column in a trial balance it indicates
A) no errors have been made.
B) no errors can be discovered.
C) that all accounts reflect correct balances.
D) the mathematical equality of the accounting equation.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q24: For each of the following transactions of
Q25: Prepare a trial balance from the
Q26: The left side of an account is<br>A)
Q27: A credit to a liability account<br>A) indicates
Q28: Debit and credit can be interpreted to
Q30: A credit is not the normal balance
Q31: The chart of accounts is a special
Q32: The normal balance of any account is
Q33: The final step in the recording process
Q34: The drawing account is a subdivision of