Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 3 - No. 27)
When preparing a trial balance, the totals of the debit and credit columns must be equal because:
It proves the accuracy of the financial statements.
It's a requirement of the accounting equation.
It indicates that the company is profitable.
It prevents any errors in the ledger.
Explanation
The accounting equation demands this equality.
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