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What is a relevant example on the type of errors which can be made in the entries to the accounts that will not affect the balancing of the trial balance?

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Question added by farisha azreen
Date Posted: 2016/05/07
Ahsas Ali
by Ahsas Ali , Senior Accountant , Elemeco Contractors

Entries in wrong accounts and fully omission of particular accounting entry will not affect the trial balance. 

There are two types of errors that can occur in a trial balance.

Type one errors effect the balancing where as type 2 errors don't.

Type 2 errors are.

Error of principle

Error of Commission

Error of reversal

Error of Omission.

Error of Subsidiary Entry.

Compensating Errors.

 

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