Day: June 10, 2023

The trial balance totals are

Debit £500 150 credit £500 000

Which error could have caused the difference?

Select ONE answer:

1. A credit purchase has only been recorded in a creditor’s account.
2. A credit sale has not been recorded.
3. A cash sale has only been recorded in the sales account.
4. A credit sale has only been recorded in a debtor’s 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 4

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

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