The trial balance lists the balances for all general ledger accounts. If all activities have been properly
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The trial balance lists the balances for all general ledger accounts. If all activities have been properly recorded, the total of all balances in various accounts should equal the total of all credit balances. If they don’t, a posting error has occurred. How can one detect such an error?
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If the total of all debit balances in the trial balance does not equal the total of all credit balances it indicates that a posting error has occurred ...View the full answer
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Related Book For 
Accounting Information Systems
ISBN: 9781292353364
15th Global Edition
Authors: Marshall B. Romney, Paul J. Steinbart
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