Accounting 0452 · IGCSE · The trial balance

The trial balance — practice question

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

  • 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.

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