WAEC Accounting 2024 Objective — Question 50
Question 50 of 50 from the West African Examinations Council (WAEC) Accounting 2024 Objective paper, with the correct answer and a full explanation.
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The debit side of a trial balance total is GH¢2,000 more than the credit side. Which of the following errors would account for the difference?
- A. A receipt of GH¢2,000 for rent has been omitted from the booksCorrect
- B. Carriage inwards of GH¢2,000 has been debited to carriage outwards account
- C. Petty cash balance of GH¢1,000 has been omitted from the books
- D. Discount received of GH¢1,000 has been debited to discount allowed account
Explanation
Omitting a GH¢2,000 rent receipt (a credit item/income) from the books would leave the debit side GH¢2,000 higher than the credit side.
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