On a trial balance, if the Debit and Credit column totals are equal, then: All transactions have

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On a trial balance, if the Debit and Credit column totals are equal, then:

All transactions have been recorded correctly.

All entries from the journal have been posted to the ledger correctly.

All ledger account balances are correct.

Equal debits and credits have been recorded for transactions.

The balance sheet would be correct.

Related Book For answer-question

Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Posted Date: Oct 10, 2022 08:39 AM

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On a trial balance, if the Debit and Credit column totals are equal, then: All transactions have

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Trial Balance The trial balance is published in the process of closin... View the full answer

Accounting

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