The debit side of a trial balance total is GH¢ 2,000 more than the credit side. Which of the following errors would account for the difference?
a
A receipt of GH¢ 2,000 for rent has been omitted from the books
b
Carriage inwards of GH¢ 2,000 has been debited to carriage outwards account
c
Petty cash balance of GH¢ 1,000 has been omitted from the books
d
Discount received of GH¢ 1,000 has been debited to discount allowed account
Explanation
Correct Option
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Bolarinwa_Dorcas
3 months ago
The correct option is D. Discount received of GH¢ 1,000 has been debited to discount allowed account.
Explanation
To understand why this error accounts for a GH¢ 2,000 difference where the debit side is higher, we analyze the double-entry impact of the mistake:
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