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21 November, 22:14

When total debits equal total credits on a trial balance, we can be assured that no errors of any sort occurred during the preceding steps in the accounting cycle. A. TrueB. False

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  1. 21 November, 23:06
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    B. False

    Explanation:

    When total debits equals to total credits on a trial balance, we can't assured that there are no errors of any sort occurred during the preceding steps in the accounting cycle.

    Following Accounting Errors may result in Balanced Trial Balance

    Errors of omissions

    Errors of commissions

    Errors of misposting

    Compensating errors

    Errors of Principle
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