Question
1. Analysis of errors in trial balance.: The debit balance of P9,400 in Accounts Receivable was recorded in the trial balance as a debit of
1. Analysis of errors in trial balance.:
The debit balance of P9,400 in Accounts Receivable was recorded in the trial balance as a debit of P9,300. Which of the trial balance totals, debit or credit, is the larger (where applicable)?
a. not applicable
b. credit
c. debit
2.
Analysis of errors in trial balance.:
A purchase of equipment for P4,500 on account was not recorded. Which of the trial balance totals, debit or credit, is the larger (where applicable)?
a. credit
b. debit
c. not applicable
3.
Analysis of errors in trial balance.:
A payment of P1,030 cash on account was recorded only as a credit to Cash. Which of the trial balance totals, debit or credit, is the larger (where applicable)?
a. credit
b. not applicable
c. debit
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