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What are the errors that do not affect trial balance? (2) What are the errors that affect trial balance?

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Question ajoutée par gbenga bamigbe
Date de publication: 2015/12/07
Nader Baiumy
par Nader Baiumy , Auditor , مكتب د/محمد لطفى حسونه للمحاسبه

answers of question number1 

-A transaction is completely left out of the books of accounts. Neither a debit entry is made to the appropriate account nor a credit entry made to the corresponding account. As both the debit and credit sides have equal amounts and are not recorded, the trial balance is not affected even when its totals are equal

-An entry debited or credited correctly with the correct amount but to the wrong account. Here, it’s obvious that it does not affect the trial balance in any way since the entry is made in the correct side but of the wrong account

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