Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 33 - No. 15)
What does the term "balancing the trial balance" mean?
That the assets are more than the liabilities.
That the total debit balances equal the total credit balances.
That the company is profitable.
That all transactions are recorded correctly.
Explanation
Balancing a trial balance means the debits must equal the credits.
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