Trial balance is conclusive proof of accuracy of accounts. Do you agree? If not explain how?

TRAIL BALANCE
1

Trail balance is a statement, prepared with the debit and credit balances of ledger accounts to test the arithmetic accuracy of the entries passed in the books of accounts. It is derived from the ledger accounts. It has four columns they are particulars, ledger folio, debit balance and credit balance. It is prepared at a certain intervals of period that is monthly, half yearly, and quarterly1.
OBJECTIVES TO PREPARE TRIAL BALANCE

1. 2It insures that all the transactions have been recorded with identical debit and credit amount and the balance of each account has been computed correctly.
2.

It facilitates the preparation of the trading, profit and loss account and the balance sheet by making available the balances of all the accounts at one place. It also insures that the balance of each account , whether debit or credit, has been tranfered properly to the respective columns of the trial balance and that the trial balance has been correctly added. Some of the errors in the book of account can be detected by the trial balance and they can be rectified before the preparation of the final accounts2.

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