Why would the balances of trail balances be equal

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Siya Mehta

  • Sep 15th, 2011

Because Our accounting based on double entry book keeping system. All transaction have its double effect on account.

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As an accountant wants to be sure that the ledger accounts he/she has prepared are correct in respect of amount, side, balance, etc. To check the accuracy of posting in the ledger a statement is prepared. This statement is called Trial Balance.

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furqan shah

  • Oct 10th, 2011

because according to rule of accounting if u are debit some account than you have to credit same amount.

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