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Discuss whether the agreement of trial balance mean that there is no error in the books accounts?‎

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Answer added by  Muhammad Ibrar, Accountant, Bahria Town pvt LLc Islamabad
8 years ago

trial balance tells us about the true pic of company .It tells about the entries of differnt accounts are correct or not...if tha balance of trial balnce is equal on both ... See More

 

Answer added by  Satish Kumar, Accounts Manager, Dolphin Bldg Contracting
8 years ago

NO. IT DOES NOT MEAN THERE ARE NO ERROR. A TB CAN TALLY IF THE ENTRIES ARE ON DIFFERENT ACCOUNTS WITH THE SAME AMOUNTS