Accounting for IGCSE & O level - Accounting Procedures (Section 16 - No. 26)
If a business sold goods for $5,000 on credit, but the sale was incorrectly recorded in the cash account, how would this error affect the trial balance?
The trial balance would be balanced.
The trial balance would be out of balance.
The trial balance may or may not be out of balance.
The trial balance is not affected.
Explanation
The debit and credit would be in different accounts.
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