Question

trial balance is only a prima facie evidence of the arithmetical accuracy of records. do you agree with this statement? give reason

Answer 1

Answer:

Yes, I agree with the statement. 'A trial balance is only a prima facie evidence of the arithmetical accuracy of records. Reasons: ... When the totals of debit column and credit column in the trial balance are equal, it is assumed that porting from subsidiary books, balancing of ledger accounts, etc.