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There are five Different types of errors which don’t affect the trial balance ,
(1) Error of omission :- Where in the full transaction is omitted from the books of accounts. (2) Error of commission :- Where we have entered the correct amounts but in wrong person’s account.
(3) Error of principle :- This type of error takes place when an item is entered in wrong head or class of accounts.
(4) Error of compensation :- These are that errors which cancel the effects of each other.
(5) Error of complete reversal of entries :- These errors occur when we debit and credit the two or more aspects of a transaction wrongly using correct figures or amounts.
(6) Error of original entry Entering wrong original figure or amount in an accounts.
Error of transition Error of transition can be defined as switching the sequence of digits of amount or figure of a transaction.
