When the columns of the trial balance equal each other,it is still possible that errors may have occurred in recording and posting the transactions.

Question

Quizplus · Accepted Answer

The trial balance simply ensures that the debits and credits of accounts are equal, but it does not guarantee the accuracy of the transactions recorded and posted. Errors such as omitting a transaction or posting it to the wrong account can still occur even if the trial balance columns balance.

When the Columns of the Trial Balance Equal Each Other,it