Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 21 - No. 26)
What is the impact on the trial balance if an incorrect entry has been made on both sides?
The trial balance will not balance.
The trial balance will still balance.
It will only impact the income statement.
It will double the value of the trial balance.
Explanation
If equal errors have been made in debits and credits the trial balance will still balance.
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