The error that affects the agreement of a trial balance t...
The error that affects the agreement of a trial balance totals is
Error of commission
Undercasting
Compensating error
Error of principle
Correct answer is B
The errors that will affect the agreement of the trial balance are: one sided omission, two entries on the same side, undercasting or overcasting of balances etc.
Given: (i) Order of performance (ii) Order of liquidity (iii)Vertical order (i...
State Bank collected a note for A-Makura Company. This collection, not yet recorded in AL-Makura'...
The suspense account is used to correct book-keeping error where the ...
\(\begin{array}{c|c} & & ₦ \\ \hline \text{capital accounts:} & Ojo & 40,000 \\ &a...
Goodwill is determined using? ...
If only wages is shown on the trial balance, it should be charged to the ...
Opening capital ---10,800 Drawings----------- 2,500 Trade creditors ----2,560 Trade debtors -----...