Question

Trial balance is a proof that _____________.

• A. Every transaction is recorded twice
• B. No error remains in the books of accounts
• C. Books are authentically and correctly written
• D. None of the Above

Answer 1

Answer: (D)

None of the Above

Financial accounting is based on double entry system of accounting. For every debit there will be a credit and vice versa. Trial balance shows the total of debit and total of credit. Its a proof that all transactions are recorded both the sides.