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If total debits equal total credits in a trial balance, is it free of errors? Explain.Please include the name of the person or question to which you are replying in the subject line. For example, "Tom
If total debits equal total credits in a trial balance, is it free of errors? Explain.
Please include the name of the person or question to which you are replying in the subject line. For example, "Tom's response to Susan's comment."
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Nancy:
No it is not error free. Just because the trial balance debits and credits equal doesn't mean that a transaction wasn't entered into the wrong account or numbers were entered incorrectly. A debit and credit can be entered at the same time which makes it harder to see the errors.
