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UI Post-UTME Financial Accounting 2025 (Model questions) Question 3

Question 3

Trial Balance

The following are effects of errors that do NOT affect the agreement of a trial balance:
I. Error of omission
II. Error of commission
III. Error of principle
IV. Casting error

  1. A.I, II and III only
  2. B.II and IV only
  3. C.I and III only
  4. D.I, II, III and IV only
Show the answer and explanation

Answer: A (I, II and III only)

Explanation

Omission, commission and principle errors affect debit and credit equally, so the trial balance still agrees; a casting (addition) error makes it disagree.