Debit and credit Equal in trial Balance
This query is : Resolved
13 May 2022
It's because of double entry book keeping.
One account is debited and another account is credited in every entry passed in the books of accounts. As trial balance is the extract of net balances of ledger accounts it will always tally.
One account is debited and another account is credited in every entry passed in the books of accounts. As trial balance is the extract of net balances of ledger accounts it will always tally.
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