CIMA BA3 · Chapter 7 · Question 9 of 10
A trial balance fails to agree by $540. Which of the following transposition errors, made when posting one side of an entry only, could explain this difference?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) $6,170 posted as $6,710
Explanation
6,710 - 6,170 = 540. The other errors give differences of 90, 18 and 90. A difference caused by transposing digits is always divisible by 9, which is a useful clue when looking for errors.
More Errors, the trial balance and suspense accounts MCQs
- Q1The cost of a new delivery van was debited to the motor expenses account. What type of error is this?
- Q2A payment received from customer P. Jones was credited to the account of customer P. James in the receivables ledger. What type of error…
- Q3Which of the following errors would cause the trial balance totals to disagree?
- Q4A trial balance has debit totals of $214,300 and credit totals of $216,110. A suspense account is opened to make it balance. What is the…
- Q5A suspense account was opened when a trial balance did not agree. The following errors were then found, and these explain the whole…