errors - not shown in the trial balance Flashcards
1
Q
commission error
A
an entry is put to the wrong account but the correct classification
2
Q
reversal error
A
Dr and Cr transactions both put to the wrong side
3
Q
omission error
A
the entry is missed out completely
4
Q
principle error
A
an entry is put to the wrong account in the wrong classification
5
Q
original entry error
A
entered incorrectly in the day books
6
Q
compensating error
A
2 errors of equal value on opposite sides cancel each other out
