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The agreement of the debit and credit totals of the trial balance gives assurance that All transactions were posted correctly No transactions were omitted The

The agreement of the debit and credit totals of the trial balance gives assurance that All transactions were posted correctly No transactions were omitted The number of accounts with debit balances equals the number of accounts with credit balances The total debits equal the total credits If your trial balance has a smaller debit balance than credit balance, it signifies: Assets are more than liabilities A profit A loss An error has been made 3 puan 3 puan If your trial balance has a higher debit balance than credit balance, it signifies: Assets are more than liabilities A profit A loss An error has been made The price of the goods sold or services rendered during a given accounting period is called: Net income Profit Revenue Equity 3 puan 2 puan

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