2021 · Q109
Is the total of Debit and Credit side of Trial Balance the same?
General Accounting Principles, Auditing and InsuranceRecording transactions
- ANo, there are some times good reason why they differ.
- BYes, always.
- CYes, except where the Trial Balance is extracted at the year end.
- DNo, because it is not a Balance Sheet.
Explanation
A trial balance lists every ledger balance at a date; by double-entry bookkeeping, total debits must equal total credits, so the two sides always agree. A disagreement indicates an accounting error, not a legitimate exception — there is no “good reason” for them to differ, and the year-end makes no difference. Hence (B) Yes, always is correct.