O-LevelAccountingVerification of accounting records7707/12 · Oct/Nov 2023 · Q71 Mark
The totals of a trial balance agree. What does this mean?
AAll the arithmetic in the ledger is correct.
BAll transactions have been entered in the correct ledger accounts.
CAll transactions have been entered on the correct sides of the ledger.
DTotal debit balances equal total credit balances in the ledger.
✓ Correct answer
D: Total debit balances equal total credit balances in the ledger.
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