A trial balance may still balance if some of the balances are wrong. Is the statement correct? a) Yes, b) No

Question

Utilisateur supprimé · Answer

Yes But If both Debit And credit balance are wrong with same amount.

Mohamed Hakeem Meerashahib · Answer

Yes. For instance, if you fail to record one entry, your trail balance will not show it. Even it balances it wrong

Muhammad Rafique · Answer

(a)Yes,Both Sides should be equal according to the accounting principles.

Abu Bakar Ashfaq · Answer

It depends, if the entry is posted for a transaction at a wrong but same amount in Debit and Credit, the trial balance will always be balanced.

Trial balance will only be imbalance in case entry is recorded at different amounts on debit and credit side.