Q105
Debit balance = Credit balance in a trial balance indicates that
A.
No error in recording transactions
B.
No error in posting entries to ledger accounts
C.
Account balances are correct
D.
Mathematically Capital + Liabilities = Assets
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Debit balance = Credit balance in a trial balance indicates that Mathematically Capital + Liabilities = Assets.