When the trial balance includes a debit column total of $10,350 and a credit column total of $10,950,it is probable that:
A)a transposition error occurred.
B)a $300 debit was recorded twice.
C)a $300 credit was recorded twice.
D)a $300 debit was recorded as a credit.

Question

Quizplus · Accepted Answer

The difference between the debit and credit columns is $600 ($10,950 - $10,350), indicating an error of $300 was recorded on one side of the trial balance. Since the credit column total is higher than the debit column total, the error was made on the credit side. Therefore, a $300 debit was recorded as a credit.

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