Explain why the debit and credit total of a trial balance should always be equal? What are the situations that a trial balance total will not be equal? Explain with the help of at least two examples

College Accounting (Book Only): A Career Approach
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ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter2: T Accounts, Debits And Credits, Trial Balance, And Financial Statements
Section: Chapter Questions
Problem 6DQ: List two reasons why the debits and credits in the trial balance might not balance.
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  1. Explain why the debit and credit total of a trial balance should always be equal?
  2. What are the situations that a trial balance total will not be equal? Explain with the help of at least two examples
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