Q108
If debit balances = credit balances, trial balance only shows or checks the _________ and it does not indicate that no errors were made during recording and posting.
A.
Arithmetic accuracy
AnswerB.
Errors of commission
C.
Omissions of economic events
D.
Understatements of balances
Answer: Option A
Solution
Answer: Option A
Solution:
If debit balances = credit balances, trial balance only shows or checks the Arithmetic accuracy and it does not indicate that no errors were made during recording and posting.