If total debits do not equal total credits in a trial balance, it indicates that there is an error in the accounting records that needs to be investigated.

In a trial balance, the total debits must equal the total credits to ensure the accounting equation is balanced.

Goodwill is defined as the excess of the purchase price over the fair value of the net identifiable assets acquired in an amalgamation.

An error in journal entries will cause the trial balance to be unbalanced, as debits and credits will not match.

Depreciation decreases net income as it is recorded as an expense on the income statement, reducing the overall profit of the company.

IFRS 3 is the primary accounting standard that deals with business combinations, including amalgamation.

IFRS 3 (International Financial Reporting Standard 3) governs business combinations, including amalgamation, and outlines how to account for such transactions.

Journal entries are used to record financial transactions in the accounting system.

The principle of Substance Over Form requires that financial statements reflect the economic reality of a business rather than just the legal form of transactions.

The principle of substance over form requires that financial statements reflect the economic reality of transactions, including amalgamations.

All of the above considerations are important when preparing a trial balance after an amalgamation.

Journal entries are not included in final accounts; they are used to record transactions before preparing final accounts.