Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Which are the errors that affect trial balance?

user-image
Question added by Visal Joseph , Tax Manager , Al Mizan Tax Consultants L.L.C
Date Posted: 2017/03/28
Mohammed El Tahir Mohammed Yousif
by Mohammed El Tahir Mohammed Yousif , Finance Manager , Factory of Golden Block Company for Cement Products

Here we detail about the errors that affect and errors that do not affect trial balance.

Errors Affecting Trial Balance:

The errors that affect the trial balance are following:

(a) Error of casting

(b) Error of carrying forward

(c) Error of balancing

(d) Error of posting to the correct account but with the wrong amount

(e) Error of posting to the correct account but wrong side

 

(f) Error of posting to the wrong side with the wrong amount

Deleted user
by Deleted user

  • Error of omission
  • Error of reversal
  • Error of principle
  • Error commission
  • Errors of subsidiary entry
  • Compensating errors

Khaliq Raza MBA   MS   CFE  AFA
by Khaliq Raza MBA MS CFE AFA , Senior Accountant , ARCO TURNKEY SOLUTIONS CONTRACTING LLC

Simply trial balance will be effect with any error at the time of bookkeeping. Whatever we give input while bookkeeping/recording will show off in trial balance. Thanks

 

Suppose if we book less inventory the overall value will be less in trial balance.Suppose if we charge more expenses by typing mistake, they will show off high balance of ledger of expenses. Thanks

MOHAMMED ELATTAR
by MOHAMMED ELATTAR , مدير مالي , TAZWEED FOR AGRICULTURE CROPS

Thank you for callingthis a good question but in, any error in the trial balance will affect the validity of the data and credibility, but let us call more experts see their answers.

Soliman Abd  ALmalak Gendy
by Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

Errors that affect trial balance are(for example):*Errors of carrying forward*Errors of casting*Errors of posting to the correct account but may be wrong side*Errors of posting to the correct account but with the wrong amount

fatma hussein
by fatma hussein , Accountant , Accounting office

The omission of either the debit or credit entry of a transaction

Posting to the Wrong Side of An Account 

 

Errors in Amount Where the debit entry of a transaction differs in amount from the credit entry Cash

Frank Mwansa
by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER

I agree with answers given 

Farhan Malik
by Farhan Malik , Manager , Noul

Any human error or a misstatement may affect the trial balance.

Abdullah Aziz Eldain Morsi  Elgendy -        CMA  Candidate
by Abdullah Aziz Eldain Morsi Elgendy - CMA Candidate , Regional Receivable Accountant , Amiantit Group of Companies

fully accepted with the previous answers

More Questions Like This