he trial balance of Kelvin does not balance.   Which TWO of the following errors could explain this, assuming that Kelvin maintains control accounts for its receivables and payables within the double entry system? (1) The sales day book was undercast by $100. (2) Discounts received were credited to sales revenue account. (3) An opening accrual was omitted from the rent account. (4) The debit side of the cash account was undercast. A (1) and  (2) B (2) and (3) C (3) and (4) D (1) and (4) Please give solution with proper explanation

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 1PA: On June 30, Oscar Inc.s bookkeeper is preparing to close the books for the month. The accounts...
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The trial balance of Kelvin does not balance.  


Which TWO of the following errors could explain this, assuming that Kelvin maintains control accounts for its receivables and payables within the double entry system?


(1) The sales day book was undercast by $100.
(2) Discounts received were credited to sales revenue account.
(3) An opening accrual was omitted from the rent account.
(4) The debit side of the cash account was undercast.


A (1) and  (2)
B (2) and (3)
C (3) and (4)
D (1) and (4)

Please give solution with proper explanation 

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