Trial Balance Should Always Balance?

Q: Should the debit and credit totals of a trial balance always agree?

If so, why?

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Comments for Trial Balance Should Always Balance?

yes
by: Anonymous

Cos every transaction requires debit and credit. If asset is bought, we debit asset with the amount paid and credit capital with the amount paid (if paid by cash, cheque etc). So at the end all must be equal.

Trial Balance Credit and Debit Must Balance
by: Stephen Alabi

The trial balance must be balanced because from the accounting equation asset=liability+capital so that means the debit of trial balance which is used for recording the values of asset and expenses must be equivalence to that of credit side used for recording liability, equity/capital and income...

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Trial Balance Should Always Balance?

Comments for Trial Balance Should Always Balance?

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