0
Type your answer here omission error
commission error
principles error
compensatory error
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
If the two totals of a trial balance are NOT equal it is an indication of a?
error
How do you correct a compensating error?
if the effect of an error is cancelled by the effect of some other error,trial balance will agree.
Function of trial balance?
The trial balance is a statement that shows all debts and credits. This is meant to show any error within the books.
What type of errors affect the trial balance?
is called error of omission
What is the difference between trial balance of totals and trial balance of balances?
firstily trial balance of total is the total balance of trial balance being show at the end of a year. trial balance of balance it is the balances being show doing the calcution of the trial balance.
What is post trial balance adjustment?
Post Trial Balance Adjustment means that after prepared of trial balance if any error be locate and trial balance be not tally then suspense a/c be made and through error can be rectifyand after that trial balance is adjust.
If the two totals of a trial balance are NOT equal it is an indication of a?
error
How do you correct a compensating error?
if the effect of an error is cancelled by the effect of some other error,trial balance will agree.
Name two type of error which do not affect the agreement of a trial balance?
error of omission and error of original entry
Function of trial balance?
The trial balance is a statement that shows all debts and credits. This is meant to show any error within the books.
What type of errors affect the trial balance?
is called error of omission
Errors that are not disclosed by trial balance?
compensating errors error of omission error of commission error of principles complete reversal of entries error of original entry
If ledger postings are computerised do you require a trial balance?
I dont know someone tell me, I need the answer
What is the 5 types of errors that do not affect the balancing of trial balance?
1 error of omission 2 error of compensation 3 error of original entry 4 error of principle 5 error of commission
Importance of trial balance?
importance of trial balance importance of trial balance
What is the difference between trial balance of totals and trial balance of balances?
firstily trial balance of total is the total balance of trial balance being show at the end of a year. trial balance of balance it is the balances being show doing the calcution of the trial balance.
What is the difference of trial balance of balances and trial balance of totals?
trial balance of balances is the trial balance with two columns while trial balance of totals is the one with four columns
