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SingaporeAccountingQuick questions
The Trial Balance and Correction of Errors
Quick questions on Errors not revealed by the trial balance: N(A)-Level Principles of Accounts
3short 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 q1?Show answer
Name the error when a transaction is left out of the books entirely. [1 mark]
What is q2?Show answer
Rent paid is debited to the insurance account by mistake. Name the error and say whether the trial balance still agrees. [2 marks]
What is q3?Show answer
Explain why an error of original entry does not affect the trial balance. [2 marks]
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