Entries the wrong way round, and errors that cancel
A debit and a credit swapped over take double the amount to fix. Two unrelated errors can cancel out. The trial balance misses both.
Task 1Debit and credit swapped3 questions
A reversal of entries uses the right accounts and the right amount, but the debit and the credit are swapped.
Thornbury Joinery pays £350 from the bank for an advert. Lena debits Bank and credits Advertising.
The correction is for twice the amount. The first half cancels the wrong entry. The second half makes the right one.
Task 2Two errors that cancel2 questions
Task 3Six errors the trial balance hides3 questions