Why does principle error do not affect trial balance?

Question added by Anil Thakur
Date Posted: 2018/07/29

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What are the difference between trial balance and balance sheet ?
Top Answer: TRAIL BALANCE MEANS A STATEMENT OF ALL DEBIT OR CREDIT IN A DOUBLE ENTRY ACCOUNT BOOK. BALANCE SHEET IT ... See More

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During the interview he replied with confidence when he was asked: what is "adjusted trial balance"?
Top Answer: Adjusted Tb basically is the TB after adjustment of some accounts, like depreciation, provision of bad de ... See More

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What accounts payable the same amount should be added to achieve balanced in trial balance?
Top Answer: <p>When you are <strong>preparing a trial balance</strong>, you may find that you have ... See More

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Which of the following statements is correct in relation to a trial balance?
Top Answer: c. t is a list of balances and forms the starting point for the preparation of the business accounts. ... See More

Answers (6)