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O-LevelAccountingVerification of accounting records7707/12 · May/June 2023 · Q71 Mark

Tahir prepared a trial balance. He entered both the balance on the discount allowed account, $900, and the bank overdraft, $750, in the wrong column. Which total of the trial balance was higher and what was the amount of the difference between the debit total and the credit total?

Acredit column 300
Bcredit column 1650
Cdebit column 150
Ddebit column 3300

✓ Correct answer

A: credit column 300

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About this question

Topic
Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, May/June 2023 Paper 1 Variant 2, question 7.

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