chapter 13: errors which DON'T affect the trial balance

Question 1

list and explain errors which don’t affect the trial balance

Answer 1

error of omission- when a transaction is not recorded in the books
error of commission- when the correct amount is entered on the correct side of the wrong personal account
error of principle- when the correct amount is entered on the correct side the wrong class of account
complete reversal- when the correct amount is entered on the wrong side the both accounts
error of original entry- when the double entry of a transaction is completed correctly but using the same wrong amount in both accounts
compensating error- when 2 different errors affect the debit and credit entry with exactly the same amount