An invoice of Rs. 560 is entered in the sales book as Rs. 650. The total of the debit side of the trial balance is Rs. 21,440. Assuming no other error what is the total of the credit side of the trial balance?

Rs. 21, 240

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Rs. 21, 350

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Rs. 21, 530

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None of these

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Solution

The correct option is B Rs. 21, 350
There are various kinds of error which may occur during the accounting. These are classified as error of omission, error of commission, error of principle and compensating error.
If an amount is written wrongly, its an error of commission. Its a clerical error.
Customer account is debited by Rs.650 instead of Rs.560, hence there will be an excess debit of Rs.90. Therefore the total of credit side of the trial balance should be Rs.21350 (Rs.21440-Rs.90)

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