Question

    Is the total of Debit and Credit side of Trial Balance

    the same?
    A No, there are some times good reason why they differ. Correct Answer Incorrect Answer
    B Yes, always. Correct Answer Incorrect Answer
    C Yes, except where the Trial Balance is extracted at the year end. Correct Answer Incorrect Answer
    D No, because it is not a Balance Sheet. Correct Answer Incorrect Answer

    Solution

    Yes, the total of the Debit and Credit sides of a Trial Balance should always be the same.

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