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What if sum of the debits and credit in trial balance is not

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Reference no: EM132544340

Question 1: If the sum of the debits and credits in a trial balance is not equal, then?

Select one:

Option a. The chart of accounts also does not balance

Option b. Most likely an error was made in posting journal entries to the general ledger or in preparing the trial balance

Option c. There is no concern because the two amounts are not meant to be equal

Option d. It is safe to proceed with the preparation of financial statements

Reference no: EM132544340

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