- This topic has 1 reply, 2 voices, and was last updated 8 years ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for December 2024 exams.
Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Correcting Trial balance errors
John,
On question 17.4 of the BPP revision kit, why does D have no effect on the trial balance? One might have not recorded part of the transaction in the cash book, but couldn’t you have recorded the other part of the transaction in the Receivables Journal when we receive the money that could have been applied to a balance?
Thanks.
Rachel
But D certainly will affect the trial balance.
However, a receipt of cash should be a debit in the cash book. If they have not recorded it in the cash book then the debits will be too low. The question asks which of the errors could make the debits too high.