In preparing the trial balance of the Frank's Gardening Service, the Revenue account (which had a normal balance in the general ledger) was mistakenly listed as a debit for $6,000. What will be the difference between the debit and credit sides of the trial balance?
A) $3,000
B) $2,000
C) $12,000
D) $6,000

Question

Quizplus · Accepted Answer

The Revenue account should have been listed as a credit account since it has a normal credit balance. Thus, there is a difference of $12,000 between the debit and credit sides of the trial balance ($6,000 debit side Revenue account + $6,000 credit side that should have been there = $12,000 difference).

In Preparing the Trial Balance of the Frank's Gardening Service