If total debits equal total credits in a trial balance, is it free of errors? Explain.


If total debits equal total credits in a trial balance, is it free of errors? Explain.
 

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Nancy:

No it is not error free.  Just because the trial balance debits and credits equal doesn’t mean that a transaction wasn’t entered into the wrong account or numbers were entered incorrectly.   A debit and credit can be entered at the same time which makes it harder to see the errors.