An organisation restores its petty cash balance to $250 at the end of each month. During October total expenditure column in the petty cash book was calculated as being $210, and the impress restored by this amount. The analysis columns posted to the nominal ledger totalled only $200
Which one of the following would this error cause?
A The trial balance being $10 higher on the debit side B The trial balance being $10 higher on the credit side C No imbalance in the trial balance D The petty cash balance being $10 lower than it should be
The answer is B but im not sure why it is not A because doesn’t this mean there is $10 more on the debit side than the credit side? petty cash is an asset account?