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What kinds of errors would cause differe...

What kinds of errors would cause difference in the trial balance. Also list examples that would not be revealed by a trial balance?

Text Solution

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There ar four types of errors that cause a distinction within the balance

(i) Errors of Commission

(ii) Errors of Partial Omission

(iii) Errors of Principle

(iv) Compensating Errors

Well simply to search out out the above-named errors doesn't prove the accuracy of accounting books, as a result of there ar many different errors that don't have an effect on the balance and it's matched. samples of such errors ar an entire omission to record associate degree entry within the books of original entry; wrong recording of transactions within the book of accounts; complete omission of posting to the incorrect account on the proper facet and errors of principle.
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