WAEC Financial Accounting 2012 Question 37

Question 37

Correction of Errors and Suspense Account

Which of the following errors affects the agreement of a Trial Balance?

A.Wrong addition in the sales account
B.Crediting a purchase to A. Tambi's account instead of F. Tambi's account
C.Failure to enter sales in the books
D.Posting the purchase of a van to the debit side of the purchases account

Show the answer and explanation

Answer: A (Wrong addition in the sales account)

Explanation

A wrong addition changes only one side, so the trial balance will not agree. The others (commission, omission, principle) keep debits equal to credits.