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JAMB Principles of Accounts 2014 Question 6

Question 6

Correction of Errors and Suspense Account

Which of the following affects the accuracy and authenticity of the trial balance?

  1. A.Error of omission.
  2. B.Error of commission.
  3. C.Error of transposition.
  4. D.Error of original entry.
Show the answer and explanation

Answer: C (Error of transposition.)

Explanation

A transposed figure posted on one side only (e.g. 54 for 45) makes the two sides of the trial balance disagree; the other errors leave it balancing.