Rs 800 received from a debtor was credited to his account twice, with cash debited once. The trial balance shows
ADebit excess of 800
BCredit excess of 800
CCredit excess of 1,600
DNo difference at all
Answer & Solution
Correct answer: B. Credit excess of 800
One extra credit of Rs 800 was posted with no matching debit, so credits exceed debits by Rs 800.
Keep practising Trial Balance
Browse all Trial Balance questions for CA Foundation, or explore more Accounting topics.
Related questions
Which entries decrease an account on the right side of the equation, such as a liability?Which of these is a non-current asset?Which is a long-term liability?Claims of the owners on the assets of the business are shown inDebts or future obligations owed to others are recorded inDebtors, cash and stock are examples ofThe general ledger holds a ledger account for each item in theA suspense account is used to