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WAEC Financial Accounting 2016 Question 50

Question 50

Trial Balance

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

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

Answer: C (Error of transposition)

Explanation

A transposed figure entered on one side only makes debits and credits unequal; the other errors keep the trial balance in agreement.