The debit side of a company’s trial balance totals $1920 more than the credit side.

Question

Which one of the following errors would fully account for the difference?
A) $960 paid for plant maintenance has been correctly entered in the cash book and credited to the plant
asset account.
B) Discount received $960 has been debited to discount allowed account
C) A receipt of $1920 for commission receivable has been omitted from the records
D) The petty cash balance of $1920 has been omitted from the trial balance.

Utilisateur supprimé · Answer

B) Discount received $960 has been debited to discount allowed account

Nayab Fatima · Answer

Discount recieved have wrongly debited to the discount allowed column and the amount is 960$ that is wrongly debited to the column...

Muhammad Sajjad · Answer

Option ( b ) is a error wrong entry

musfirah rana · Answer

The credit side of a business trial balance is Rs. 2,000 more than the debit side. Which one of the following could be the reason for that? *

please solve this question anyone i want correct answers

Yajna Sapkota · Answer

There is errors so we can make equal by maintaining suspense account.

Mohammad Iqbal Abubaker · Answer

The debit side of a company’s trial balance totals $1920 more than the credit side.

Which one of the following errors would fully account for the difference?

The below mentioned is the correct answer:

B) Discount received $960 has been debited to discount allowed account

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The debit side of a company’s trial balance totals $1920 more than the credit side.

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