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Recording and Processing Transactions
Quick questions on The trial balance explained: H2 Principles of Accounting
4short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is the six errors a trial balance does not reveal?Show answer
A balanced trial balance is not proof of correctness. Six error types leave the totals equal:
What is q1?Show answer
State which side of the trial balance each appears on: rent received, motor vehicles, trade payables. [3 marks]
What is q2?Show answer
A trial balance fails to agree by \900$. Give two errors that could cause this. [2 marks]
What is q3?Show answer
Explain why an error of commission does not affect the agreement of the trial balance. [3 marks]
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