Imagine your trial balance of 30 June shows that the credit balances are

£50 greater than the debits. £50 discount received for promptly settling an amount owing to K. Bryant has been entered on the credit side of the discount received account but has not been debited to Bryant's account.

First open a suspense account to record the difference in the books on 30 June. Then show the double entries which would be made to correct the error.

LO.1