4. The debit side of a company’s trial balance totals $800 more than the credit side. Which one of the following errors would fully account for the difference? A $400 paid for plant maintenance has been correctly entered in the cash book and credited to the plant asset account. B Discount received $400 has been debited to discount allowed account C A receipt of $800 for commission receivable has been omitted from the records D The petty cash balance of $800 has been omitted from the trial balance.
4. The debit side of a company’s
Which one of the following errors would fully account for the difference?
A $400 paid for plant maintenance has been correctly entered in the
B Discount received $400 has been debited to discount allowed account
C A receipt of $800 for commission receivable has been omitted from the records
D The petty cash balance of $800 has been omitted from the trial balance.
7. Which of the following items appear on the same side of the trial balance? (CHOOSE A,B,C or D)
A Drawings and accruals
B Freight out and prepayments
C Freight in and rental income
D Opening inventory and purchase returns
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