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WAEC Financial Accounting 2023 Question 23

Question 23

Correction of Errors and Suspense Account

The error that affects the agreement of a trial balance totals is

  1. A.error of commission.
  2. B.error of principle.
  3. C.compensating error.
  4. D.casting error.
Show the answer and explanation

Answer: D (casting error.)

Explanation

A casting (addition) error in one account makes the debit and credit totals differ.