O-LevelAccountingVerification of accounting records7707/13 · Oct/Nov 2023 · Q81 Mark
Paula's trial balance contains errors. [Table showing debit and credit balances for various accounts: fixtures and fittings $4000, light and heat $600, purchases $11200, insurance $1200, sales $16500, trade payables $3500, trade receivables $5500, bank overdraft $1000, capital $3500, drawings $2000. Totals: Debit $23500, Credit $25500] What is the corrected trial balance total?
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
A$23500
B$24 500
C$25500
D$26500
✓ Correct answer
B: $24 500
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