ACCA Applied Knowledge · Financial Accounting · Suspense accounts
Which one of the following errors would cause the total of debits in a trial balance to differ from the total of credits?
The sale recorded with a $500 debit and a $50 credit causes the imbalance, because the two sides of the entry are unequal. The other errors post equal debits and credits to wrong accounts, so the trial balance still balances.
- AA purchase of goods on credit recorded by debiting the purchases account and crediting the wrong supplier's account
- BA sale of $500 recorded by debiting receivables with $500 and crediting sales with $50Correct
- CCash received from a customer debited to the cash account and credited to the sales account instead of receivables
- DDepreciation charge debited to the repairs expense account instead of the depreciation expense account
Explanation
Only an entry where the debit and credit amounts differ unbalances the trial balance. Debiting $500 and crediting $50 creates a $450 excess of debits. The other options each have equal debits and credits, so they are errors of commission, principle or similar that leave the totals agreeing.
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