Question

An invoice of Rs 560 is entered in the sales books Rs 650. The total of the debit side of the trial balance is Rs 21,240. Assuming no other error, what is the total of the credit side of the trial balance?

• A. Rs. 21,240
• B. Rs. 21,150
• C. Rs. 21,330
• D. None of these

Answer 1

The correct option is A Rs. 21,240

Option A is correct.

Debit side total=Credit side total i.e Rs.21,240.

The entry for 'Sales' impacts the Debtor's A/c (assuming credit sales) or Cash A/c (assuming Cash sales).

If Debtors/Cash would have been booked at Rs.560 and Sales at Rs.650,Trial Balance would not have tallied but that is not the case here.

Only during audit, Invoice would be verified and then the error would be found.