If the trial balance is in balance, it can be assumed that all journal entries were posted correctly and no errors were made.

Question

Quizplus · Accepted Answer

A trial balance only confirms that the total debits equal the total credits, but it does not guarantee that all journal entries were posted correctly or that no errors were made. There could still be errors of omission, errors of commission, or errors of original entry that cancel each other out in the trial balance.

If the Trial Balance Is in Balance, It Can Be