An organisation restores its petty cash balance to $250 at the end of each month. During October, the total expenditure column in the petty cash book was calculated as being $210, and the imprest was 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
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
【参考答案及解析】
The cash book was credited with $210 reimbursement of petty cash. However, the nominal ledger was posted with only $200 of expenditure (debits). Therefore the credits are $10 higher than the debits.
The cash book was credited with $210 reimbursement of petty cash. However, the nominal ledger was posted with only $200 of expenditure (debits). Therefore the credits are $10 higher than the debits.