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OtisamLMS
Financial Accounting

Financial Accounting · Quick practice · answer shown after each question

Trial balance and errors

Question 1 of 10

Question 1 of 10

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

Question 2 of 10

Question 2 of 10

Rent of GH¢400 paid was entered on the credit side of the rent account. The suspense account will show

Question 3 of 10

Question 3 of 10

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

Question 4 of 10

Question 4 of 10

An error of principle occurs when

Question 5 of 10

Question 5 of 10

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

Question 6 of 10

Question 6 of 10

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

Question 7 of 10

Question 7 of 10

Which error will cause the trial balance to disagree?

Question 8 of 10

Question 8 of 10

Compensating errors are

Question 9 of 10

Question 9 of 10

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

Question 10 of 10

Question 10 of 10

A trial balance is prepared mainly to

Questions written by OtisamLMS in the style of the WASSCE. They are not WAEC past questions.