Accountancy, asked by ss0341970, 11 months ago

What effects does incorrect posting of debit and credit have on the trial balance?

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Answered by kapilchaudhary2

Answer:

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✔A Trial Balance is a statement that shows the total of debit and credit balances of accounts. The total of debit amounts shall be equal to the credit amounts for the trial balance to tally. Hence, it verifies the arithmetical accuracy of the postings in the ledger accounts. Trial Balance Accounting is thus an integral part of financial accounting.

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