Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 40 - No. 41)
What does it mean when a trial balance does not balance?
The company is making a profit.
The accounting equation is not balanced.
There are no errors in the accounting records.
The assets are more than the liabilities.
Explanation
If the trial balance does not balance, then the accounting equation isn't balanced.
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