A company's trial balance totals were :
Debit $387,642
Credit $379,511
which one of the following errors would have the effect of reducing the difference when corrected?
a) The petty cash balance of $ 500 has been omitted from the trial balance.
b) $ 4000 received for rent of part of the office has been correctly recorded in the cash book and debited to rent account.
Please help me by solving this problem.
Debit $387,642
Credit $379,511
which one of the following errors would have the effect of reducing the difference when corrected?
a) The petty cash balance of $ 500 has been omitted from the trial balance.
b) $ 4000 received for rent of part of the office has been correctly recorded in the cash book and debited to rent account.
Please help me by solving this problem.