Question
Trial balance always has equal balances on both sides. It does not mean if the debit balance of a trial balance is equal to the
Trial balance always has equal balances on both sides. It does not mean if the debit balance of a trial balance is equal to the credit balance, the trial balance is correct. There are accounting errors which may not affect the totalling of the trial balance. Discuss with the example SEVEN (7) types of balance and error about this situation.
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Principles Of Financial Accounting
Authors: Jerry J. Weygandt, Michael J. Atkins, Donald E. Kieso, Paul D. Kimmel, Valerie Ann Kinnear, Barbara Trenholm, Joan E. Barlow
1st Canadian Edition
1118757149, 978-1118757147
