If the Sum of the Debit Column Equals the Sum

question 57

Multiple Choice

If the sum of the debit column equals the sum of the credit column in a trial balance, it indicates

• A) no errors have been made.
• B) no errors can be discovered.
• C) all entries have been posted.
• D) the mathematical equality of the accounting equation.

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Definitions:

Accounting Principle

Fundamental guidelines and rules that govern the accounting process and financial reporting of businesses.