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Financial Accounting

Financial Accounting · Quick practice · answer shown after each question

Trial balance and errors

Question 1 of 10

Question 1 of 10

Compensating errors are

Question 2 of 10

Question 2 of 10

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

Question 3 of 10

Question 3 of 10

Purchases were undercast by GH¢100. The correction is

Question 4 of 10

Question 4 of 10

A trial balance is prepared mainly to

Question 5 of 10

Question 5 of 10

Sales of GH¢300 to Kofi were posted to Kojo's account. The correcting entry is

Question 6 of 10

Question 6 of 10

Which error will cause the trial balance to disagree?

Question 7 of 10

Question 7 of 10

An error where a transaction is completely left out of the books is an error of

Question 8 of 10

Question 8 of 10

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

Question 9 of 10

Question 9 of 10

An error of principle occurs when

Question 10 of 10

Question 10 of 10

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

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