Accounting for IGCSE & O level - Accounting Procedures (Section 23 - No. 5)
If a business recorded a sale of $100 as $1,000, how would this error affect the trial balance?
The trial balance would be out of balance.
The trial balance would still balance.
The credit side would be higher by $900.
The debit side would be higher by $900.
Explanation
Both sides would be inflated due to the double entry, but the credit side would be $900 higher.
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