When the trial balance includes a debit column total of $10,350 and a credit column total of $11,350,it is probable that:
A)a transposition error occurred.
B)a $500 debit was recorded twice.
C)a $500 credit was recorded twice.
D)a $500 debit was recorded as a credit.

Question

Quizplus · Accepted Answer

The difference between the debit and credit column totals is $1,000, which suggests that a $500 debit might have been incorrectly recorded as a $500 credit, causing a $1,000 discrepancy in the trial balance.

When the Trial Balance Includes a Debit Column Total of $10,350