Financial and Management Accounting

1: Assertion (A). There is no error, when the totals of the debit side and the credit side of the Trial Balance are equal. Reason (R). Trial Balance is a two-column statement showing names and balances of all the accounts in the order in which they appear in the ledger.
A.
Both A and R are true and R is the correct explanation of A.
B.
Both A and R are true but R is not a correct explanation of A.
C.

A is true but R is false

D.

A is false but R is true.

 

Answer : D

Explanation :

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Option: A

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