Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 37 - No. 26)
What does 'a trial balance should balance' mean?
The total value of all assets equals the total value of all liabilities and equity.
The total debits equal the total credits.
The total assets equal the total liabilities.
The total income equals the total expenses.
Explanation
In a trial balance, total debits must equal total credits, reflecting the fundamental accounting equation.
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