Accounting Multiple Choice Question – 17 December 2020

Which of the following would prevent a trial balance from balancing?

Select ONE answer:

1. a credit note from a supplier entered in the sales journal
2. a discount allowed posted to the Discounts Received account
3. an invoice entered twice in the sales journal
4. a refund to a customer wrongly posted to Discounts Allowed account

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

1. Not correct
2. Correct
3. Not correct
4. Not correct

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