Trial balance - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 16:

• JAMB 2015

If a trail balance is in agreement, one of the statement is untrue

A. The accounting system is error free
B. Equal debit entries and credit entries were recorded for each transaction
C. The debit and credit from the journal were posted to the accounts
D. Account balances were correctly computed

Question 17:

• JAMB 2021

Given:
₦
Bank overdraft 2,000
Cash 2,000
Furniture 4,000
Derive the total amount on the credit side of the trial balance

A. ₦4000
B. ₦6000
C. ₦2000
D. ₦8000