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Accounting processes may capture data incorrectly, fail to capture data, or generate errors in the data captured which, if not prevented or detected by internal controls or discovered by the independent auditor, would result in misstatements in the financial statements.
The trial balance and the way to make sure precision arithmetic data recorded daily ledger and health deportation to accounts Professor is the lack of balance trial balance evidence of error or errors in accounting operations, while the balance of the trial balance is not considered proof of the absence of an error or errors in the accounting processes might occur Whether an error or errors in the registration process or deportation, however does not appear in the trial balance because of that there are types of errors do not reflect the impact on the balance of the trial balance process.
Types of errors:
Accounting errors can be divided either on the basis of their relationship to the accounting operations or on the basis of their relationship to the balance or imbalance of the trial balance, and if the errors accounting operations linking it can be classified into two main groups.
* Errors in the registry:
Errors that occur when you make the process of entering the financial operations to include the Journal, including errors reflected its impact on the balance of the balance of references and errors have no impact on the balance of the trial balance and can limit the registry errors are as follows:
1. error in the recording process value.
2. an error in recording the account name.
3. Deletion errors.
4. technical errors.
* Deportation errors to the ledger:
Errors that occur in the process of migration from the daily to the teacher or professor in rationalizing accounts process and these include errors of which reflects the impact on the balance of the trial balance, some of which had no effect on the balance of the trial balance and can limit the deportation errors are as follows:
1. error in the deportation of registered practical value.
2. error as a result of migration to the reverse side in the account.
3. The error is a result of migration to the correct account account.
4. error as a result of one of the parties not to deport limitation.
5. error in rationalizing the account.
* Errors are not displayed by the trial balance:
Errors that occur and have no impact on the balance of the trial balance in the sense that these errors even though they occur include the audited balance equal both in total debits and credits or in total accounts payable and total accounts receivable could be this type of error occurs in species of the following:
1. resulting from deportation errors to account is the correct account.
2. Deletion errors.
3. Equal errors.
4. technical errors.
* Errors displayed by the trial balance:
Errors that arise either by the establishment staff or knowledge of the external auditor include (Comptroller) and in the case of projects that utilize the external auditor services and demonstrates the lack of balance trial balance on an error or errors in proving operations accounting books and produces a lack of balance in the trial balance of the different total debits the total credit balances in the balance, or difference Totals Totals accounts receivable with accounts payable and in the case of preparation of trial balance aggregates.
But the discovery of errors in the case of non-equilibrium trial balance, it is a review of operations in reverse of the way in which it was these operations entered in the accounting books is known that the introduction of the operations of the accounting books starts recorded from the reality of documents daily ledger and then migrated to the appropriate ledger and Trshehadha accounts, then prepare trial balance in preparation for the preparation of final accounts and balance sheet and therefore the discovery of errors requires follow these steps:
1. Review both sides of the trial balance calculation review to make sure the assembly's health.
2. If the difference in the balance equal to twice the one balances contained the balance, it must ensure the validity of the balance of the development of the sense of balance to make sure that balance if a creditor or a debtor put in the right side of the balance balances because the account was placed under creditor in the side of the balance debits leads to a difference in the total debits the balance, equal to twice the value of this balance because we lowered the credit side the balance value of this balance and we add the same stock value to the debtor side of this leads to a difference in the balance between debits and credits worth twice the value of this balance.
3. Review the transfer of aggregates or transfer account balances or both of the ledger to the trial balance with the re-development of interest groups and account balances in the right side of the trial balance and to make sure that there are no deleted in stocks or transmitted in reverse numbers.
4. Review rationalizing accounts ledger in terms of the health of the transfer opening balances and make sure that both sides of the compilation of the accounts were properly.
5. Review the deportation of the journal to the ledger and to make sure that there is no delete or any other errors.
6. monitor both sides of the Journal compilation (debtor and creditor) to make sure that there are no restrictions in the central collection errors.
7. If you do not discover the error and remained there a difference in the balance, there must be a comprehensive review in accordance with the original accounting process steps Vnradja health restrictions and Journal and deportation to the ledger and rationalizing accounts and that in detail and if the error was discovered, it must be corrected accounting books.
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