The credit column of a trial balance is $1,200 more than the debit column. Which of the following errors would explain the difference? A No entries had been made for the purchase of goods costing $1,200. B A payment of $1,200 for electricity had been correctly entered in the cash account, and a credit was made to the electricity account. C Cash sales of $600 had been correctly entered in the sales account, and credited in the cash account D The debit side of the cash account shows a balance which is $1,200 higher than it should be
The credit column of a trial balance is $1,200 more than the debit column. Which of the following errors would explain the difference? A No entries had been made for the purchase of goods costing $1,200. B A payment of $1,200 for electricity had been correctly entered in the cash account, and a credit was made to the electricity account. C Cash sales of $600 had been correctly entered in the sales account, and credited in the cash account D The debit side of the cash account shows a balance which is $1,200 higher than it should be
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The credit column of a
Which of the following errors would explain the difference?
A No entries had been made for the purchase of goods costing $1,200.
B A payment of $1,200 for electricity had been correctly entered in the cash account, and a credit was made to the electricity account.
C Cash sales of $600 had been correctly entered in the sales account, and credited in the cash account
D The debit side of the cash account shows a balance which is $1,200 higher than it should be
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