alleryStart learning →A sale of 4,000 is left out of the books. What happens to the trial balance?
AIt still agrees as before
BCredits exceed debits by 4,000
CBoth sides fall short by 4,000
DDebits exceed credits by 4,000
Answer & Solution
Correct answer: A. It still agrees as before
Omitting both the debit and the credit leaves equal totals, so the trial balance still agrees despite the error.
Keep practising Double-Entry Bookkeeping
Browse all Double-Entry Bookkeeping questions for CA Foundation, or explore more Accounting topics.
Related questions
A contra account carries a balance that is what?What does the retained earnings account reflect?What does a chart of accounts list?Revenue and expense accounts are regarded as what kind of accounts?A service is performed for a customer who pays later. Which account is credited?By accepted practice, how are credit entries shown in a journal?Which of these is a long-term liability?Which of these is an equity account?