JAMB Accounting 2014 Objective — Question 6

Question 6 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2014 Objective paper, with the correct answer and a full explanation.

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

A. Error of omission
B. Error of commission
C. Error of transpositionCorrect
D. Error of original entry

Explanation

Error of transposition is posting of wrong and different amounts into two corresponding accounts, e.g. if cash sales of N1,530 is recorded in cash book as N1,530 and N1,350 in sales day book, then error of transposition has occurred; this affects the trial balance's accuracy.

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