Question
Jack's trial balance was extracted as at 31 March 20X7. the total of the debt balances was $2.000 more than the total credit balances. Which
Jack's trial balance was extracted as at 31 March 20X7. the total of the debt balances was $2.000 more than the total credit balances. Which of the following errors could explain the differences?
A)Commission received of S1.000 v/as entered on the debit side of both the commission received account and the cash account.
B)Discount received of $2,000 v/as entered on the debit side of both the discount received account and the payable ledger
C)Cash receipt of $2,000 was not recorded in the books of accounts.
D)Purchase of goods worth $1.000 was recorded twice in the books of accounts.
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