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bonufazy [111]
2 years ago
13

When the trial balance is prepared and found to be in balance we can conclude that?

Business
1 answer:
luda_lava [24]2 years ago
6 0

The trial balance is deemed to be balanced and there shouldn't be any arithmetic errors in the ledgers if the total debits and total credits are equal.

A trial balance is a bookkeeping worksheet where the balances from all ledgers are added up to equal totals in the debit and credit account columns. A corporation occasionally creates a trial balance, often at the conclusion of each reporting period. To check if the entries in a company's bookkeeping system are mathematically correct, a trial balance is generally produced. A double-entry accounting system's mathematical flaws can be found by creating a trial balance for a business.

to learn more about trial balance here

brainly.com/question/13927466

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