Home › Courses › ACCA Knowledge Level › Financial Accounting › Trial BalanceACCA Knowledge Level Trial Balance — practice questions Explore 1 free Trial Balance questions in ACCA Knowledge Level Financial Accounting. Open each question or exercise to read its content, reference answers and available explanation.
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Worked practice questions Spot the Lie: Errors (ACCA FA) Read exercise and reference answers Questions False statement A trial balance that balances proves there are no errors. Statements An error of omission leaves a transaction out entirely. A compensating error means two errors cancel out. A trial balance that balances proves there are no errors. False statement Reversal of entries is corrected by a suspense account only. Statements Reversal of entries is corrected by a suspense account only. A suspense account holds an unexplained difference. An error of principle uses the wrong type of account. False statement Single-entry errors never affect the trial balance. Statements A transposition error swaps digits in a figure. Single-entry errors never affect the trial balance. An error of commission posts to the wrong personal account. Instructions Tap the false statement about errors. Open this exercise →
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