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The debit side of a company’s trial balance totals $1920 more than the credit side.

Which one of the following errors would fully account for the difference? A) $960 paid for plant maintenance has been correctly entered in the cash book and credited to the plant asset account. B) Discount received $960 has been debited to discount allowed account C) A receipt of $1920 for commission receivable has been omitted from the records D) The petty cash balance of $1920 has been omitted from the trial balance.

Financial Accounting
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Question ajoutée par Asad zaman , Audit/Finance , Rafaqat Baber and co
Date de publication: 2014/08/06
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B) Discount received $960 has been debited to discount allowed account

Nayab Fatima

Discount recieved have wrongly debited to the discount allowed column and the amount is 960$ that is wrongly debited to the column...

 

Muhammad Sajjad
par Muhammad Sajjad , Chief Accountant , Hassan Kabbani Est. for Gen. Const. of Buildings (IKK Group of Companies)

Option ( b ) is a error wrong entry 

musfirah rana

The credit side of a business trial balance is Rs. 2,000 more than the debit side. Which one of the following could be the reason for that? *

 

please solve this question anyone i want correct answers 

Yajna Sapkota
par Yajna Sapkota , Manager , Cooperatives organization

There is errors so we can make equal by maintaining suspense account.

Mohammad Iqbal Abubaker
par Mohammad Iqbal Abubaker , Jahaca Pty Ltd - Accounts Administrator , Jahaca Pty Ltd - Accounts Administrator

The debit side of a company’s trial balance totals $1920 more than the credit side.

 

Which one of the following errors would fully account for the difference?

 

The below mentioned is the correct answer:

 

 B) Discount received $960 has been debited to discount allowed account 

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