passwella.
Menu

GCE Financial Accounting 1990 Question 22

Question 22

Correction of Errors and Suspense Account

Which of the following errors affects the Trial Balance?

  1. A.Commission
  2. B.Omission
  3. C.Principle
  4. D.Original Entry
  5. E.Lone Entry.
Show the answer and explanation

Answer: E (Lone Entry.)

Explanation

A single (one-sided) entry leaves debits and credits unequal; the other errors keep the trial balance in agreement.