Accidentally recording the $300 debit of a transaction twice and the credit only once will cause the trial balance totals to differ by $300.

Name: Accidentally recording the $300 debit of a transaction twice and the credit only once will cause the trial balance totals to differ by $300.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is because the debit side will be overstated by $300, while the credit side will be understated by the same amount, causing a difference of $300 in the trial balance totals.

Accidentally Recording the $300 Debit of a Transaction Twice and the Credit