Multiple Choice
A trial balance failed to agree. The total of the debits amounted to £315,600; the credit balances totalled £310,600. Which of the following might explain the difference?
A) Rent was recorded as (Dr Bank £5,000, Cr. Insurance £5,000)
B) An invoice for the purchase of inventory was omitted from the books
C) A sundry receipt of £2,250 was debited to income and credited to bank
D) An invoice for stationery for £2,250 was debited to stationery and also debited to bank.
Correct Answer:
Verified
Correct Answer:
Verified
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