A trader prepared their trial balance which showed the debit column total of $45000 and the credit
column total of $40000.
The following errors were then discovered.
1 The discount received account balance of $500 was listed in the debit column of the
trial balance.
2 The returns outwards account balance of $250 was omitted from the trial balance.
3 The debit column of the trial balance was overcast by $3750.
All errors were corrected and the trial balance totals agreed.
What were the trial balance totals after the correction of errors?

Q: What topic does this question test?

This question tests Verification of accounting records in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

Q: Which exam paper is this question from?

This question appeared in the Cambridge O-Level Accounting Oct/Nov 2025 examination, Paper 1 Variant 2 (7707_w25_qp_12.pdf).

Question

A trader prepared their trial balance which showed the debit column total of $45000 and the credit
column total of $40000.
The following errors were then discovered.
1 The discount received account balance of $500 was listed in the debit column of the
trial balance.
2 The returns outwards account balance of $250 was omitted from the trial balance.
3 The debit column of the trial balance was overcast by $3750.
All errors were corrected and the trial balance totals agreed.
What were the trial balance totals after the correction of errors?

Oracle Prep · Accepted Answer

The correct answer is B: $40 750.

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