Errors that influence Trial Balance
Write down the errors that influence Trial Balance and errors that don’t influence Trial Balance?
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Errors that affect the deed of trial balance that are illustrated below:
i) Incorrect totaling of the subsidiary books.ii) Posting on the incorrect side of an accountiii) Omission of posting an amount in the ledgeriv) Posting of incorrect amountv) Mistake in balancing
Errors that don’t influence the deed of trial balance.
i) Errors of Omissionii) Error of Principleiii) Compensating Errors.iv) Recording of incorrect amount in the books of subsidiary books or prime entry.v) Errors of Commission
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