Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on a trial balance, if the debit and credit column

On a trial balance, if the Debit and Credit column totals are equal, then: All...

50.1K

Verified Solution

Question

Accounting

On a trial balance, if the Debit and Credit column totals are equal, then:

All transactions have been recorded correctly.

All entries from the journal have been posted to the ledger correctly.

All ledger account balances are correct.

Equal debits and credits have been recorded for transactions.

The balance sheet would be correct.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

6.Pastina Company sells various types of pasta to grocery chainsas private label brands. The...6.Pastina...

Basic Math
1.2K views

Find maximum, minimum and saddle point by using the second derivative test: Show all the work f(x,...

Biology
1.2K views

1. What are the Detection Methods for Carbohydrates, Lipids, and Protein?

Psychology
1.2K views

What is a good response/explanation to the following: Would you be agree/disagree to this research? How does...

Mechanical Engineering
1.2K views

Your task is to take the above code, and insert comments (using the “%” symbol)...

General Management
1.2K views

Explain in detail why public housing was established and who was known as the “Father of...

Biology
1.2K views

Based on the GRAM STAIN virtual lab you completed which circle shown here would contain...

Accounting
1.2K views

Bluecomet Company has acquired a parcel of land with an old building on it. They...

Accounting
1.2K views

EXERCISE 13-9 Basic Net Present Value and Internal Rate of Return Analysis [L01, LO2] (lgore...

Accounting
1.2K views

alon.com/ext/map/index.html?_con con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com marks Citation Machine Y FORD 2.9300 0.090. Suved Assume that a company wants...

Accounting
1.2K views

1. Yo-Down Inc. produces yogurt. Information related to the companys yogurt production follows: ...

Accounting
1.2K views

The following information has been provided by a company Bad Debt expense 39.900 . Interest...