A trial balance may prove that debits and credits are equal, but
A)an amount could be entered in the wrong account.
B)a transaction could have been entered twice.
C)a transaction could have been omitted.
D)all of these.

Question

Quizplus · Accepted Answer

A trial balance only ensures that the total amount of debits and credits are equal, but it does not verify if individual transactions are accurately entered, if a transaction is duplicated, or if a transaction is omitted. Therefore, all of these options could potentially occur even if the trial balance is balanced.

A Trial Balance May Prove That Debits and Credits Are