we have introduced the process of preparing a trial balance from ledger accounts. If you have completed the trial balance for Biz Consulting, try to think about the following questions:
1. Why the total of debit balances should equal the total of credit balances for the trial balance?
2. If the total of debit balances does not equal the total of credit balances for the trial balance, give examples to show what error(s) could have been made?
3. If the total of debit balances equals the total of credit balances for the trial balance, does it guarantee that no errors were made? Give examples if your answer is 'No'