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WAEC Accounting 2023 Theory — Question 7

Question 7 of 21 from the West African Examinations Council (WAEC) Accounting 2023 Theory paper, with the correct answer and a full explanation.

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2(d) The total sales of #120,000 was recorded as #102,000.

Model answer

This is an undercasting error. It will affect the agreement of the trial balance totals.

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