O-LevelAccountingVerification of accounting records7707/13 · Oct/Nov 2020 · Q61 Mark
Ziningi prepared a trial balance. The total of the debit column was $225750 and the total of the credit column was $225250. What could explain the difference?
ABank overdraft, $250, was recorded as a debit balance.
BInventory, $500, was included as a debit balance.
CPurchases returns, $250, were included as a credit balance.
DSales returns, $250, were included as a debit balance.
✓ Correct answer
A: Bank overdraft, $250, was recorded as a debit balance.
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