lacypendley4408 lacypendley4408
  • 17-06-2021
  • English
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Which statement tests the accuracy of total debits and credits after transactions have been recorded

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buchinnamani208
buchinnamani208 buchinnamani208
  • 18-06-2021

Answer:

The trial balance

Explanation:

The trial balance in accounting for the financial transactions of a business entity records the total debits and credits balances on accounts, on each side of the trial balance. The total credit balance must equal total debits balances, and if not there is a discrepancy that must be looked into to ascertain which account or accounts the error may be coming from.

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