Gce Model Questions Vol1 2018 Financial Accounting Question 33
Practice objective / multiple choice question 33 from the 2018 Gce Model Questions Vol1 Financial Accounting examination.
The trial balance shows total debits of \(85,600\) and total credits of \(84,900\).\nThe accountant discovers three errors:\n1. A purchase invoice of \(1,200\) was omitted from the purchases account (a debit).\n2. A sales return of \(900\) was omitted from the sales returns account (a credit).\n3. A bank overdraft of \(500\) was recorded as a debit instead of a credit.\nAfter correcting all three errors, will the trial balance balance? If so, state the new total of debits (and credits).
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About This Question
This is Gce Model Questions Vol1 2018 Financial Accounting Question 33. It is one of the objective questions from the 2018 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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