The totals at the bottom of the trial balance and the totals at the bottom of the balance sheet both show equality and balancing and therefore should be equal.

Question

Quizplus · Accepted Answer

The totals at the bottom of the trial balance represent the sum of all debits and credits in the accounting system, ensuring they balance. The balance sheet, however, shows the equality of assets with the sum of liabilities and equity, but the totals themselves are not directly compared to the trial balance totals.

The Totals at the Bottom of the Trial Balance and the Totals