Question

What do you know about the total of both the sides of trial balance?

Answer 1

Explanation:

Trial balance represents a summary of all ledger balances and, therefore, if the two sides of the trial balance tally, it is an indication of this fact that the books of accounts are arithmetically accurate

Answer 2

Explanation:

The basic rule of double entry bookkeeping is that every financial transaction gives rise to two accounting entries, one debit and the other credit. A trial balance is used to test the accuracy of the double entry records. It works by listing the balances on ledger accounts, some of which will be debits and some credits. The total debits should equal total credits. So the trial balance will balance because every debit there is a corresponding credit recorded in books.