Types And Treatment Of Errors And Uses Of Suspense Account - Accountsprinciplesofaccounts Jamb Past Questions and Answers

Question 11 :

• JAMB 2010

If stationery bought for N200 has been entered as N2000. To correct this error?

A. Debit stationery with N2,200
B. Credit stationery with N1,800
C. Debit stationery with N1,800
D. Credit stationery with N2,200

Question 12 :

• JAMB 2011

i) Deducted the smaller side figure from the bigger side figure .
ii) Add up both side
iii)Take the difference to the smaller and add to the smaller figure
The correct procedure for balancing account is?

A. Ii, i and iii
B. I, iii and ii
C. Ii, iii and i
D. I, ii and iii

Question 13 :

• JAMB 2011

The medium of correcting errors whose differences are shown in the trial balance is by the use of?

A. Debtors' account
B. Creditor's account
C. Suspense account
D. Ledger account

Question 14 :

• JAMB 2014

A cheque of #5,000 paid to Sulieman had been correctly entered in the cash book but had not been entered in Sulieman's account. To correct this error, debit Sulieman's account and credit

A. Cash account
B. Bank account
C. Suspense account
D. Purchases account

Question 15 :

• JAMB 2014

Which of the following affects the accuracy and authenticity of the trial balance?

A. Error of ommission
B. Error of commission
C. Error of transposition
D. Error of original entry