ExpertMedium2 marksMultiple Choice
ACCA · Question 22 · Trial Balance and Errors
Which TWO of the following errors would NOT cause the trial balance totals to disagree?
Which TWO of the following errors would NOT cause the trial balance totals to disagree?
Answer options:
A.
An error of omission where a $500 cash sale was completely unrecorded.
B.
A transposition error where a $450 rent payment was recorded as $540 in the rent account but $450 in the cash book.
C.
An error of principle where a $1,000 vehicle repair was debited to the motor vehicles asset account.
D.
An extraction error where the $2,000 balance of the bank loan account was omitted from the trial balance.
How to approach this question
Identify errors where a debit and an equal credit were still made (or both were completely omitted).
Full Answer
A trial balance will still balance if an error maintains the equality of debits and credits.
- Option A is an error of omission (no Dr, no Cr).
- Option C is an error of principle (wrong class of account, but still a Debit).
Options B and D result in unequal debits and credits, which will cause the trial balance to fail to agree.
Common mistakes
Confusing errors that affect the TB (like single-sided entries or extraction errors) with those that don't.
Practice the full ACCA FA — Financial Accounting Practice Exam 3
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