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JAMB Principles of Accounts 2000 Question 12

Question 12

Correction of Errors and Suspense Account

Which of the following errors will affect the trial balance total?

  1. A.posting discount allowed to the debit side of the discount allowed account
  2. B.omission of one account from the list when extracting from the ledgers
  3. C.failure to post sales of ₦2,000 and purchases of ₦2,000 from the subsidiary ledgers
  4. D.omission of sales of ₦3,000 and purchases of ₦2,000.
Show the answer and explanation

Answer: B (omission of one account from the list when extracting from the ledgers)

Explanation

Leaving one balance out of the list makes one side of the trial balance smaller, so the totals disagree.