WAEC Accounting 2023 Theory — Question 4

Question 4 of 21 from the West African Examinations Council (WAEC) Accounting 2023 Theory paper, with the correct answer and a full explanation.

2(a) Identify the error and state if it would affect the agreement of the trial balance: Purchase of consumable posted to purchases account.

Model answer

This is an error of principle. It will not affect the agreement of the trial balance totals.

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