Accounting Multiple Choice Question – 4 January 2023

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Accounting
Photo by Nataliya Vaitkevich on Pexels.com

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

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: