Accounting Multiple Choice Question – 19 January 2019

The debit and credit totals of a trial balance ……. ?

Select ONE answer:

1. need not always agree, as there are sometimes legitimate reasons why they should differ
2. should agree in all cases except when the trial balance is prepared at the end of an accounting period
3. should always agree
4. need not always agree, because the trial balance is not the same as a balance sheet

Show your workings to arrive at your answer, and explain and justify your reasons:

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This multiple choice question is suitable for Accounting KS5 classes.

The answer is 3 – the total of the debit balances brought down in its nominal or general ledger should always equal that of the credit balances brought down

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