A trial balance only checks the sum of debits against the sum of credits. That is why it does not guarantee that there are no errors. The following are the main classes of error that are not detected by the trial balance:
Errors that do not affect the trial balance errors that affect the outcome of the trial balance
Errors not revealed by trial balance?
When the trial balance indicates that the ledger is in balance, you can assume there are no errors in the ledger. true or false
Answer
To make up the difference in trial balance and to rectify all one sided errors. To make up the difference in trial balance and to rectify all one sided errors. To make up the difference in trial balance and to rectify all one sided errors. To make up the difference in trial balance and to rectify all one sided errors. To make up the difference in trial balance and to rectify all one sided errors. To make up the difference in trial balance and to rectify all one sided errors.
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trial balance
commission and ommission
commission and ommission
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Yes, there could be errors even when the trial balance agrees. For example, the columns in a trial balance would still agree if an entry was omitted or entered incorrectly in the same amounts in corresponding accounts.
There are various type of errors due to which Trial balance is not match. like.. - Posting to wrong side in right Account - Posting with wrong Amount - to record entry partly - other commission errors etc.