QuestionJune 4, 2025

A trial balance shows that: No transactions have been omitted All transactions have been properly recorded Journal entries have not been posted to the wrong accounts Total debits equals total credits

A trial balance shows that: No transactions have been omitted All transactions have been properly recorded Journal entries have not been posted to the wrong accounts Total debits equals total credits
A trial balance shows that:
No transactions have been omitted
All transactions have been properly recorded
Journal entries have not been posted to the wrong accounts
Total debits equals total credits

Solution
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Answer

The trial balance is accurate and complete, with no errors in recording or posting. Explanation 1. Confirm Trial Balance Accuracy A trial balance confirms that total debits equal total credits, indicating no mathematical errors in ledger accounts. 2. Verify Transaction Recording Ensure all transactions are recorded correctly without omissions or mispostings to wrong accounts. 3. Validate Journal Entries Check that journal entries have been posted accurately to the correct accounts.

Explanation

1. Confirm Trial Balance Accuracy<br /> A trial balance confirms that total debits equal total credits, indicating no mathematical errors in ledger accounts.<br /><br />2. Verify Transaction Recording<br /> Ensure all transactions are recorded correctly without omissions or mispostings to wrong accounts.<br /><br />3. Validate Journal Entries<br /> Check that journal entries have been posted accurately to the correct accounts.
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