Economics · Trial Balance Errors
If a Trial Balance total differs by 5,000, and this difference is temporarily placed in a Suspense Account, which of the following errors is least likely to be discovered in the subsequent search process because it does not affect the agreement of the Trial Balance?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A credit sale of 2,500 recorded twice in the Sales Book.
- 2Wages paid to a worker, 5,000, posted only to the Wages Account but not to the Cash Account.
- 3Total of the Sales Book is understated by 5,000.
- 4An omission of a 5,000 transaction from the original books of entry (Journal).✓
Correct answer
An omission of a 5,000 transaction from the original books of entry (Journal).
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