How will you rectify the error in the trial balance if the total amount of the debit is higher than the total amount of the credit?
• Nothing can be done to correct the imbalance entry in trial balance
• There is a need to subtract an amount in the total debit to balance the values of debit and credit
• There is a need to check the journal entries and the posting process to ensure that all entries are properly posted and computed
• There is a need to add an amount in the total credit to balance the values of debit and credit