Accounting 0452 · IGCSE · Correction of errors

Correction of errors — practice question

Ziningi drew up a trial balance. The debit column total was $\$225\,750$ while the credit column total was $\$225\,250$. What might account for the discrepancy?

  • ABank overdraft, $\$250$, was recorded as a debit balance.
  • BInventory, $\$500$, was included as a debit balance.
  • CPurchases returns, $\$250$, were included as a credit balance.
  • DSales returns, $\$250$, were included as a debit balance.

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI