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What is a relevant example on the type of errors which can be made in the entries to the accounts that will not affect the balancing of the trial balance?

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Question ajoutée par farisha azreen
Date de publication: 2016/05/07
Ahsas Ali
par Ahsas Ali , Senior Accountant , Elemeco Contractors

Entries in wrong accounts and fully omission of particular accounting entry will not affect the trial balance. 

Utilisateur supprimé
par Utilisateur supprimé

There are two types of errors that can occur in a trial balance.

Type one errors effect the balancing where as type 2 errors don't.

Type 2 errors are.

Error of principle

Error of Commission

Error of reversal

Error of Omission.

Error of Subsidiary Entry.

Compensating Errors.

 

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