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An item recorded in the trial balance is 

Accounts - Principles of Accounts
WAEC 2024

An item recorded in the trial balance is 

  • A. opening stock.
  • B. closing stock.
  • C. accrued expenses.
  • D. depreciation charged for the year.
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Correct Answer: Option A
Explanation

 Opening stock is part of the asset of the company at the beginning of the year. Thus, it appears in the debit side of the trial balance, while other options will not appear in the trial balance because they are usually accounted for by the ending of the accounting period. Therefore, are additional information.


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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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