Mandy’s trial balance did not balance. A $620$ discrepancy was entered into a suspense account, and this account balance appeared on the debit side of the trial balance. Which error had led to the discrepancy?
- ADiscounts allowed of $310$ had been credited to the discount received account.
- BDiscounts received of $310$ had been credited to the discount allowed account.
- CThe value of closing inventory had been overstated by $620$.
- DThe value of closing inventory had been understated by $620$.