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ACCA Applied Knowledge · Financial Accounting · Trial balance

Which of the following errors would NOT cause the totals of the debit and credit columns of a trial balance to differ?

Posting a sales invoice to the wrong customer's receivables account does not unbalance the trial balance, because the debit and credit amounts remain equal. Transposition, a missing credit and unequal amounts on two sides of an entry all create a difference between the debit and credit totals.

  1. AA purchase of inventory on credit recorded as a debit to purchases of $4,500 and a credit to payables of $5,400
  2. BRent paid of $800 debited to the rent account but no credit entry made
  3. CDiscount allowed of $120 credited to the discount allowed account and debited to receivables as $210
  4. DA sales invoice for $3,000 debited to the receivables account and credited to the sales account, but entered in the wrong customer's accountCorrect

Explanation

Posting to the wrong customer's account is an error of commission within the same class of account: debit and credit amounts are equal, so the trial balance still balances. The other three each involve unequal debits and credits (transposition, single-sided entry, different amounts), so the totals would differ.

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