The debit and credit column totals are equal

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Reference no: EM13868265

On a trial balance, if the Debit and Credit column totals are equal, then:

All transactions have been recorded correctly.

All entries from the journal have been posted to the ledger correctly.

All ledger account balances are correct.

Equal debits and credits have been recorded for transactions.

The balance sheet would be correct.

Reference no: EM13868265

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