Otherwise, there must be an error in the ledger. However, the total credit balance must equal the total debit balance. What is the definition of a Trial Balance definition?Īccording to the trial balance definition, a worksheet with a list of all credit and debit balances in a ledger (double-entry ledger) for a given time is the trial balance of any organization. The significant difference is that the commission error occurs due to an unintentional oversight.
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