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

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

AllJAMBWAEC
All topicsAccounting concepts and conventions · 35Accounts of not-for-profit organisations · 29Accruals, prepayments and provisions · 34Bank reconciliation statements · 31Branch and departmental accounts · 29Company accounts · 33Control accounts · 30Depreciation of non-current assets · 34Double entry and the ledger · 38Final accounts of a sole trader · 39Incomplete records · 31Manufacturing accounts · 29Nature and purpose of accounting · 29Partnership accounts · 34Petty cash and the imprest system · 26Public sector accounting · 30Source documents and books of original entry · 30The cash book and discounts · 33The trial balance and errors · 35

  1. Question 21· The trial balance and errors· WAEC

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

    Explanation and discussion

  2. Question 22· The trial balance and errors· JAMB

    A trial balance is prepared mainly to

    Explanation and discussion

  3. Question 23· The trial balance and errors· JAMB

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

    Explanation and discussion

  4. Question 24· The trial balance and errors· WAEC

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

    Explanation and discussion

  5. Question 25· The trial balance and errors· JAMB

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

    Explanation and discussion

  6. Question 26· The trial balance and errors· JAMB

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

    Explanation and discussion

  7. Question 27· 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

  8. Question 28· The trial balance and errors· WAEC

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

    Explanation and discussion

  9. Question 29· The trial balance and errors· JAMB

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

    Explanation and discussion

  10. Question 30· The trial balance and errors· WAEC

    A trial balance is prepared to

    Explanation and discussion

  11. Question 31· 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

  12. Question 32· The trial balance and errors· JAMB

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

    Explanation and discussion

  13. Question 33· The trial balance and errors· WAEC

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

    Explanation and discussion

  14. Question 34· 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

  15. Question 35· 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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