Practice mode Accounting

Which of the following errors will affect the agreement of a trial balance?

Correct answer C. Partial omission of a transaction

Explanation

A partial omission records only one side of a transaction, so debits and credits no longer match; complete omissions, errors of principle and compensating errors leave the totals equal.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.