Accounting for IGCSE & O level - Accounting Procedures (Section 11 - No. 3)
If a sale on credit of $1,000 was recorded in the cash book only, how does this impact the trial balance?
The trial balance will balance.
The debit side will be $1,000 higher than the credit side.
The credit side will be $1,000 higher than the debit side.
The trial balance will be out of balance.
Explanation
Incorrect and missing entries mean the trial balance is unbalanced.