Which of the following errors would cause the trial balance to be out of balance?
ect Answer
A payment of $748 to a creditor was posted as a credit to Accounts payable of $748 and a credit of $748 to Cash.
Cash received from a customer on account was posted as a credit of $820 to Cash and as a debit of $820 to Accounts receivable.
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u Answered
An entry for the purchase of inventory costing $8,000 was posted as a debit to Inventory $800 and a credit to Accounts Payable $800.
A payment of $590 for supplies was posted as a debit of $950 to Supplies and a credit of $950 to Cash.
An entry for the purchase of inventory costing $1,600 was posted twice as a debit to Inventory $1,600 and twice as a credit to Accounts Payable $1,600.
The error that would cause the trial balance to be out of balance is: A payment of $748 to a creditor was posted as a credit to Accounts payable of $748 and a credit of $748 to Cash.
This error results in an incorrect double credit, which will throw off the trial balance since debits and credits won't be equal.
