Failed my Bookkeeping Controls Exam help with one question

Crystal_Krystal

I just failed my introduction to Bookkeeping Controls Exam, I got 66%.

Trial balance is one of my great strengths but I struggled with the "extracting a trial balance"

I'll explain it here below:

There were no details to say whether it was a receivables or payable trial balance, the only heading was supplier or customer codes such as GL190 (didnt specify), no details of what the amount was for in so I couldn't tell if it was for credit or debit, only details was in the "balance b/d" but it ended up equalling the same amount as the amount shown for eg balance b/d was £1500 & the amount on the other side was £100 & £500. So subtracting would equal zero 0 but I couldn't put that in the trail balance or could I?

I've attached a picture of what it looked like

berns92

wow the exact same thing happened to me in my recent exam!! Did you end up appealing?

anony123

It’s been two years since I’ve done this. If the balance brought down is on the debit side, then the balance carried down from the previous month must be on the credit side. This being said if the balance b/d is on the debit side they are in a positive balance and vice versus.