Find the Mistake – Trial Balance Challenge

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Spot the error fast

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Zainab Ashrafi

India

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Find the Mistake – Trial Balance Challenge


Find the Mistake – Trial Balance ChallengeVersión en línea Spot the error fast por Zainab Ashrafi 1 Trial balance shows: Debit: Cash 4,000; Inventory 3,500; Drawings 1,000; Credit: Capital 8,500; Revenue 0. Totals odd. What is wrong? a Revenue was not posted to the trial balance b A purchase was posted to the credit side c Inventory was posted twice d Drawings were posted on the wrong line 2 Trial balance totals Debit 15,800 and Credit 15,800. But Sales 5,000 not shown. What is wrong and where? a A closing balance was ignored b A debit was posted to the wrong account c A payment was posted twice d Sales/cash receipts were omitted from the credit side 3 Cash 2,400; Inventory 1,600; Equipment 4,000; Credit: Capital 8,000; Revenue 2,400. Totals unbalanced. Where is the mistake? a A loan included as revenue b Drawings not included in trial balance c Equipment posted to the debit side by mistake d A balance total is incorrect; one amount is mislisted 4 Trial balance: Debit 9,000; Credit 9,000. But a purchase of 1,200 was posted to the Credit side. What's wrong? a Asset disposed without entry b Depreciation understated c Transposition/ posting error on Purchases d Opening balance incorrect 5 Service income 3,200 is posted as a debit in the trial balance. What is the issue? a Capital increased incorrectly b Asset understated c Income recorded on the wrong side d Expense posted as income 6 Trial balance shows Loan payable 5,000 listed on the debit side by mistake. What's wrong and fix? a Revenue should be on debit b Capital should be debit c Liability (loan) should be on credit side d Asset should be on debit 7 A credit posting of 2,000 for Sales was accidentally posted to Drawings. Where is the mistake? a Understated assets b Posting error to the wrong account c Incorrect depreciation d Overstated equity 8 Opening capital 7,500 appears on the wrong side of the trial balance. What is the issue? a Opening balance misposted on the wrong side b Expense overstated c Revenue misclassification d Asset not recorded Feedback 1 Revenue should be recorded to the income side. 2 Sales should appear on the credit side. 3 Totals must be equal; check entry amounts. 4 Purchases should appear on debit side. 5 Income should be on credit side. 6 Liabilities are credits in a trial balance. 7 Sales should be on credit; Drawings is an equity draw. 8 Opening capital must be on the credit side.

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Find the Mistake – Trial Balance Challenge

Test

Sobre esta actividad

Creada por

Descarga la versión para jugar en papel

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Cultura general española

Find the Mistake – Trial Balance ChallengeVersión en línea

por Zainab Ashrafi

Trial balance shows: Debit: Cash 4,000; Inventory 3,500; Drawings 1,000; Credit: Capital 8,500; Revenue 0. Totals odd. What is wrong?

Trial balance totals Debit 15,800 and Credit 15,800. But Sales 5,000 not shown. What is wrong and where?

Cash 2,400; Inventory 1,600; Equipment 4,000; Credit: Capital 8,000; Revenue 2,400. Totals unbalanced. Where is the mistake?

Trial balance: Debit 9,000; Credit 9,000. But a purchase of 1,200 was posted to the Credit side. What's wrong?

Service income 3,200 is posted as a debit in the trial balance. What is the issue?

Trial balance shows Loan payable 5,000 listed on the debit side by mistake. What's wrong and fix?

A credit posting of 2,000 for Sales was accidentally posted to Drawings. Where is the mistake?

Opening capital 7,500 appears on the wrong side of the trial balance. What is the issue?

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