O-LevelAccountingVerification of accounting records7707/12 · May/June 2025 · Q71 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?
AThe bank overdraft of $250 was included as a debit balance.
BDiscount allowed of $500 was included as a debit balance.
CPurchases returns for $250 were included as a credit balance.
DSales returns of $500 were included as a debit balance.
✓ Correct answer
A: The bank overdraft of $250 was included as a debit balance.
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