On a trial balance, if the Debit and Credit column totals are equal, then: All transactions have been recorded correctly. All entries from the journal have been posted to the ledger correctly. All ledger account balances are correct. Equal debits and credits have been recorded for transactions. The balance sheet would be correct.
The correct answer is “Equal debits and credits have been recorded for transactions” Explanation: If the debit and credit column totals are equal then it does mean that all the transactions have been recorded correctly, there can be some errors debit amount is posted on credit and credit amount is posted on debit, a transaction is not recorded at all etc.