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

16 questions with answers and explanations. Tap an option to check yourself.

All JAMB WAEC

Question 1· The trial balance and errors· WAEC
Mrs Eze lists all her ledger balances to see whether total debits equal total credits. She is preparing a
Explanation and discussion
Question 2· The trial balance and errors· WAEC
Which of these balances appears on the credit side of a trial balance?
Explanation and discussion
Question 3· The trial balance and errors· WAEC
Which error does NOT affect the agreement of a trial balance?
Explanation and discussion
Question 4· The trial balance and errors· WAEC
An error in which a transaction is completely omitted from the books is an error of
Explanation and discussion
Question 5· The trial balance and errors· WAEC
A suspense account is opened when
Explanation and discussion
Question 6· The trial balance and errors· WAEC
Recording the purchase of a motor van in the purchases account is an error of
Explanation and discussion
Question 7· The trial balance and errors· WAEC
Entering the purchase of a machine in the purchases account is an error of
Explanation and discussion
Question 8· The trial balance and errors· WAEC
Posting a payment from Bello to Bola's account is an error of
Explanation and discussion
Question 9· The trial balance and errors· WAEC
Posting ₦5,000 received from Ada to Adamu's account is an error of
Explanation and discussion
Question 10· The trial balance and errors· WAEC
A credit sale to Musa was posted to Moses's account. This error
Explanation and discussion
Question 11· The trial balance and errors· WAEC
When a trial balance does not agree, the difference is placed temporarily in a
Explanation and discussion
Question 12· The trial balance and errors· WAEC
A trial balance is prepared to
Explanation and discussion
Question 13· The trial balance and errors· WAEC
Recording a credit sale of ₦5,400 as ₦4,500 in the sales journal is an error of
Explanation and discussion
Question 14· The trial balance and errors· WAEC
Purchase of a typewriter debited to purchases account is an error of
Explanation and discussion
Question 15· The trial balance and errors· WAEC
A trial balance has debit totals of ₦98,000 and credit totals of ₦100,000. The suspense account will show
Explanation and discussion
Question 16· The trial balance and errors· WAEC
Sales of ₦8,000 were entered as ₦800 in both the sales day book and the debtor's account. This is
Explanation and discussion

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

Mrs Eze lists all her ledger balances to see whether total debits equal total credits. She is preparing a

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

Which error does NOT affect the agreement of a trial balance?

An error in which a transaction is completely omitted from the books is an error of

A suspense account is opened when

Recording the purchase of a motor van in the purchases account is an error of

Entering the purchase of a machine in the purchases account is an error of

Posting a payment from Bello to Bola's account is an error of

Posting ₦5,000 received from Ada to Adamu's account is an error of

A credit sale to Musa was posted to Moses's account. This error

When a trial balance does not agree, the difference is placed temporarily in a

A trial balance is prepared to

Recording a credit sale of ₦5,400 as ₦4,500 in the sales journal is an error of

Purchase of a typewriter debited to purchases account is an error of

A trial balance has debit totals of ₦98,000 and credit totals of ₦100,000. The suspense account will show

Sales of ₦8,000 were entered as ₦800 in both the sales day book and the debtor's account. This is