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The debit side of a trial balance total is GH¢ 2,000 more than the credit...

Accounts - Principles of Accounts
WAEC 2024

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
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Correct Answer: Option A
Explanation

GH¢ 2,000 received from rent is an income that should have appeared in the credit side of the trial balance. This error of omission would definitely make the debit side to be GH¢ 2,000 higher than the credit side.

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