a-trial-balance-shows-total-debits-of-100000-and-total-credits-of-98000-what-doe

Question

A trial balance shows total debits of $100,000 and total credits of $98,000. What does this indicate?

Accepted Answer

There is an error in the accounting records.

Answer

The company is profitable.

Answer

The company has a positive cash flow.

Answer

The company has more liabilities than assets.

A trial balance shows total debits of \$100,000 and total credits of \$98,000. What does this indicate?