• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

June 2025 ACCA Exams

How was your exam? Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Trail Balance- Imbalance

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Trail Balance- Imbalance

  • This topic has 2 replies, 3 voices, and was last updated 11 years ago by John Moffat.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • February 18, 2014 at 10:30 pm #159337
    Tom
    Member
    • Topics: 15
    • Replies: 15
    • ☆

    Bumbly Co extracted the trial balance for the year ended 31 December 20X7. The total of the debits exceeded the credits by $300.

    Which of the following could explain the imbalance?

    A /Sales of $300 were omitted from the sales day book
    B /Returns inward of $150 were extracted to the debit column of the trial balance
    C/Discounts received of $150 were extracted to the debit column of the trial balance
    D/The bank ledger account did not agree with the bank statement by a debit of $300

    I understand why the answer is C but wouldn’t the Answer A also contribute? Isnt Sales a credit so its ommision would cause credits to be lower than debits by $300 also?

    Thanks guys.

    February 19, 2014 at 2:38 am #159348
    Leong
    Member
    • Topics: 4
    • Replies: 9
    • ☆

    It’s sales DAY book. Not sales ledger. Sales day book is not included in the trial balance bro. Do read up on bpp textbook. Understanding the book of prime entry should help. Cheers!

    February 19, 2014 at 6:51 am #159360
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54680
    • ☆☆☆☆☆

    Leong is correct – the sales day book is simply a list. We take the total from this book and the dr and cr in the ledger accounts. If the total of the book is wrong then both the dr and cr in the t accounts will be wrong, but because they will be the same the trial balance would still balance.

    Better than reading the BPP book (or any book) will be to watch my lecture on here on books of primed entry.

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • poojam on Objective of financial reporting – ACCA Financial Reporting (FR)
  • mm3677 on IAS 16 Accounting for a revaluation – CIMA F1 Financial Reporting
  • Anastesia123 on MA Chapter 1 Questions Accounting for Management
  • John Moffat on MA Chapter 26 Questions Variance Analysis
  • acowtant on Changes in group structure – examples – ACCA SBR lectures

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in