Cambridge IGCSE · Accounting (0452)

The trial balance: Practice Questions

2 multiple-choice questions marked as you go, and 4 written questions with worked solutions. All on The trial balance.

6 questions20 marksFree, no account

Question 1

1 mark

A purchase of office equipment for $ \$1,200 $ was mistakenly recorded in the purchases account. Which type of error has been made?

Question 2

1 mark

Which type of error would not cause a trial balance to disagree?

Question 3

2 marks

Identify one specific type of accounting error that would be present in the ledger but would not prevent the trial balance from balancing.

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Question 4

6 marks

A trial balance failed to agree by $\$360$, with the credit total being higher. It was discovered that a purchase of equipment for $\$2,000$ was debited to the Purchases account, and a sales invoice for $\$180$ was omitted from the customer's ledger account. Calculate the balance remaining on the suspense account after correcting these errors.

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Question 5

3 marks

A book-keeper has completed the ledger accounts for a month and is now preparing a trial balance.

(a) Explain one reason why the trial balance is useful before preparing the financial statements.
(b) List two types of errors that do not affect the balancing of a trial balance.

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Question 6

7 marks

A trial balance prepared on 30 June 2024 failed to agree. The debit column total was $ \$124,650 $ and the credit column total was $ \$124,820 $. A suspense account was opened for the difference.

The following errors were later discovered:
1. The sales journal had been overcast by $ \$100 $.
2. A payment for insurance, $ \$75 $, had been correctly entered in the cash book but had not been posted to the insurance account.
3. Cash received from M. Tan, a credit customer, $ \$210 $, had been debited to M. Tan's account and credited to the cash account.

Required:
(a) Prepare the journal entries to correct errors 1, 2, and 3 (narratives are not required).
(b) Prepare the suspense account, starting with the original difference, to show how the account is cleared.

Write your answer out first, then check it against the worked solution.

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