Question

‘A trial balance is only a prima facie evidence of the arithmetical accuracy of records’. Do you agree with this statement? Give reasons.

Answer 1

Yes, I agree with the statement. ‘A trial balance is only a prima facie evidence of the arithmetical accuracy of records’.

Reasons:
Trial balance is the means by which the arithmetical accuracy of the book-keeping. work is checked. When the totals of the debit column and credit column in the trial balance are equal, it is assumed that porting from subsidiary books, balancing of ledger accounts, etc.