You mistakenly include a contra account of $20,000 in the same column of your trial balance as the account it offsets.All other things equal,your debit and credit column totals will differ by $40,000.
BT: Comprehension

Question

Quizplus · Accepted Answer

Including a contra account in the same column as the account it offsets will cause the trial balance to be off by twice the amount of the contra account, as it should have been subtracted from the opposite column.

You Mistakenly Include a Contra Account of $20,000 in the Same