Gce Model Questions Vol1 2021 Financial Accounting Question 33

Practice objective / multiple choice question 33 from the 2021 Gce Model Questions Vol1 Financial Accounting examination.

Gce Model Questions Vol1 2021 Financial Accounting Objective / Multiple Choice Medium Difficulty
Question 33 GCE_MODEL_QUESTIONS_VOL1 • 2021 • FINANCIAL_ACCOUNTING • objective

In preparing a trial balance, a debit entry of amount \(X\) was mistakenly posted twice, resulting in total debits of \(£85,300\) and total credits of \(£84,700\). If the duplicate entry is corrected (i.e., one posting removed), the trial balance will balance. What is the value of \(X\)?

Answer Options

A. 300
B. 1200
C. 900
Correct Answer D. 600
Correct Answer
D
Correct Option:
600

About This Question

This is Gce Model Questions Vol1 2021 Financial Accounting Question 33. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Financial Accounting examination.

Difficulty level: Medium .

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