CIMA BA3 · Chapter 7 · Question 3 of 10
Which of the following errors would cause the trial balance totals to disagree?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Cash of $540 received from a customer was debited correctly in the cash book but credited to the receivables control account as $450
Explanation
Only the first error has unequal debits ($540) and credits ($450), creating a $90 difference. An omission records nothing, a reversal of entries posts equal and opposite amounts, and posting rent to rates is an error of commission; none of these affect the trial balance totals.
More Errors, the trial balance and suspense accounts MCQs
- Q5A suspense account was opened when a trial balance did not agree. The following errors were then found, and these explain the whole…
- Q6A machine costing $12,000 was debited to the repairs account. Which journal entry corrects the error?
- Q7A company's draft profit for the year is $45,600. It is then found that closing inventory was understated by $3,000 and an accrual for…
- Q8A purchase invoice for $3,980 was recorded in the purchase day book as $3,890 and then posted from there to the ledger. What type of error…
- Q9A trial balance fails to agree by $540. Which of the following transposition errors, made when posting one side of an entry only, could…