Asked Nov 23, 2019

Is the agreement of a  trial balance absolute proof of the accuracy of the books of accounts? If not, what are the errors which remain even after agreement? 


Expert Answer

Step 1

Meaning of Trial balance

A trial balance is a statement that shows the debit totals and credit totals. It records and summarizes all the account along with their balances which are transferred from ledger account.

Step 2

No, a trial balance is not an absolute proof of the accuracy of the book of accounts because there are certain errors whi...

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