A-LevelAccountingReconciliation and verification9706/12 · Oct/Nov 2023 · Q71 Mark
A business received $100 cash from a credit customer in settlement of a debt. When recording it, an error of commission was made. Which statement about the debit and credit columns of the trial balance is correct?
AThe total of the credit column was $100 higher than the total of the debit column.
BThe total of the debit column was $100 higher than the total of the credit column.
CThe totals of both columns were the same as if the error had not taken place.
DThe totals of both columns were understated by the same amount.
✓ Correct answer
C: The totals of both columns were the same as if the error had not taken place.
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