Accounting 0452 · IGCSE · The trial balance

The trial balance — practice question

Ziningi drew up a trial balance. The debit column total came to $225750, while the credit column total was $225250. What might account for the discrepancy?

  • AThe bank overdraft of $250 was included as a debit balance.
  • BDiscount allowed of $500 was included as a debit balance.
  • CPurchases returns for $250 were included as a credit balance.
  • DSales returns of $500 were included as a debit balance.

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