Accounting Multiple Choice Question – 4 January 2023

A trial balance fails to agree.

The debits exceed the credits.

Which single error in the general (nominal) ledger would cause the difference in the trial balance?

Select ONE answer:

1. A contra between the debtors’ and creditors’ ledgers has been entered on the credit side of both control accounts.
2. A rental receipt has been entered twice in the rent receivable account.
3. The closing stock at the end of the previous period has not been entered in the stock account.
4. The opening electricity accrual has been brought forward on the wrong side of the ledger account.

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 4

1. Not correct
2. Not correct
3. Not correct
4. Correct

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