JAMB Accounts (Principles of Accounts) questions: The trial balance and errors

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Question 1· The trial balance and errors· JAMB
When a trial balance fails to agree, the difference is placed temporarily in a
Explanation and discussion
Question 2· The trial balance and errors· JAMB
Which of the following errors will cause the trial balance totals to disagree?
Explanation and discussion
Question 3· The trial balance and errors· JAMB
Discount allowed of ₦300 posted to the credit side of discount allowed account will cause the trial balance
Explanation and discussion
Question 4· The trial balance and errors· JAMB
A suspense account has a debit balance of ₦500. This means that in the trial balance
Explanation and discussion
Question 5· The trial balance and errors· JAMB
A sales invoice for ₦8,500 was entered in the sales journal as ₦5,800 and posted from there. This is an error of
Explanation and discussion
Question 6· The trial balance and errors· JAMB
Rent paid of ₦5,000 debited to the landlord's personal account instead of the rent account is an error of
Explanation and discussion
Question 7· The trial balance and errors· JAMB
When the trial balance credit total exceeds the debit total by ₦600, the suspense account will have
Explanation and discussion
Question 8· The trial balance and errors· JAMB
Two errors of equal amount on opposite sides that cancel out are
Explanation and discussion
Question 9· The trial balance and errors· JAMB
A trial balance lists
Explanation and discussion
Question 10· The trial balance and errors· JAMB
A transaction completely left out of the books is an error of
Explanation and discussion
Question 11· The trial balance and errors· JAMB
Recording the purchase of office furniture in the purchases account is an error of
Explanation and discussion
Question 12· The trial balance and errors· JAMB
Which error needs an entry in the suspense account when it is corrected?
Explanation and discussion
Question 13· The trial balance and errors· JAMB
A trial balance is prepared mainly to
Explanation and discussion
Question 14· The trial balance and errors· JAMB
Debiting cash and crediting Ade, instead of debiting Ade and crediting cash, is
Explanation and discussion
Question 15· The trial balance and errors· JAMB
Which of these errors does NOT affect the agreement of the trial balance?
Explanation and discussion
Question 16· The trial balance and errors· JAMB
Which of these balances appears on the debit side of a trial balance?
Explanation and discussion
Question 17· The trial balance and errors· JAMB
A sale of ₦9,000 to Ola was entered as ₦900 in both Ola's account and the sales account. This is
Explanation and discussion
Question 18· The trial balance and errors· JAMB
The wages account and the sales account were each overcast by ₦1,000. This is
Explanation and discussion
Question 19· The trial balance and errors· JAMB
Posting a payment made to Musa into Moses's account is an error of
Explanation and discussion

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JAMB Accounts (Principles of Accounts) questions: The trial balance and errors

When a trial balance fails to agree, the difference is placed temporarily in a

Which of the following errors will cause the trial balance totals to disagree?

Discount allowed of ₦300 posted to the credit side of discount allowed account will cause the trial balance

A suspense account has a debit balance of ₦500. This means that in the trial balance

A sales invoice for ₦8,500 was entered in the sales journal as ₦5,800 and posted from there. This is an error of

Rent paid of ₦5,000 debited to the landlord's personal account instead of the rent account is an error of

When the trial balance credit total exceeds the debit total by ₦600, the suspense account will have

Two errors of equal amount on opposite sides that cancel out are

A trial balance lists

A transaction completely left out of the books is an error of

Recording the purchase of office furniture in the purchases account is an error of

Which error needs an entry in the suspense account when it is corrected?

A trial balance is prepared mainly to

Debiting cash and crediting Ade, instead of debiting Ade and crediting cash, is

Which of these errors does NOT affect the agreement of the trial balance?

Which of these balances appears on the debit side of a trial balance?

A sale of ₦9,000 to Ola was entered as ₦900 in both Ola's account and the sales account. This is

The wages account and the sales account were each overcast by ₦1,000. This is

Posting a payment made to Musa into Moses's account is an error of