Accounting for IGCSE & O level - Accounting Procedures (Section 16 - No. 37)
If a sale on credit of $1,000 was recorded in the cash book, how would this error affect 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
One side will have a $1,000 extra recording causing an imbalance in the trial balance.
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