1.

List Down The Errors Which Affect Trial Balance And Errors Which Do Not Affect Trial Balance ?

Answer»

Errors which AFFECT the agreement of trial balance:

  • Wrong totaling of subsidiary BOOKS.
  • Posting on the wrong SIDE of an account
  • Omission of posting an amount in the ledger
  • Posting of wrong amount
  • Error in balancing
  • Errors which do not affect the agreement of trial balance:
  • Error of Principle
  • Errors of Omission
  • Errors of COMMISSION
  • Recording of wrong amount in the books of prime entry or subsidiary books.
  • Compensating Errors.

Errors which affect the agreement of trial balance:


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