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

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All JAMB WAEC

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· WAEC
Mrs Eze lists all her ledger balances to see whether total debits equal total credits. She is preparing a
Explanation and discussion
Question 3· The trial balance and errors· JAMB
Which of the following errors will cause the trial balance totals to disagree?
Explanation and discussion
Question 4· 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 5· 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 6· The trial balance and errors· WAEC
Which of these balances appears on the credit side of a trial balance?
Explanation and discussion
Question 7· The trial balance and errors· WAEC
Which error does NOT affect the agreement of a trial balance?
Explanation and discussion
Question 8· 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 9· The trial balance and errors· WAEC
A suspense account is opened when
Explanation and discussion
Question 10· 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 11· 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 12· The trial balance and errors· WAEC
Entering the purchase of a machine in the purchases account is an error of
Explanation and discussion
Question 13· 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 14· 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 15· The trial balance and errors· JAMB
Two errors of equal amount on opposite sides that cancel out are
Explanation and discussion
Question 16· The trial balance and errors· JAMB
A trial balance lists
Explanation and discussion
Question 17· The trial balance and errors· JAMB
A transaction completely left out of the books is an error of
Explanation and discussion
Question 18· The trial balance and errors· WAEC
Posting a payment from Bello to Bola's account is an error of
Explanation and discussion
Question 19· The trial balance and errors· JAMB
Recording the purchase of office furniture in the purchases account is an error of
Explanation and discussion
Question 20· The trial balance and errors· JAMB
Which error needs an entry in the suspense account when it is corrected?
Explanation and discussion

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

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

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

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

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

Entering the purchase of a machine in the purchases account 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

Posting a payment from Bello to Bola's account 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?