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Accounting AS > Errors Revealed By The Trial Balance > Flashcards

Errors Revealed By The Trial Balance Flashcards

1
Q

Addition error

A

Correct double entry

Error in arithmetic when balancing off the ledger accounts or when adding the Dr and Cr columns in the trial Balance

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2
Q

Posting error

A

Right amounts, right accounts, one entry on the wrong side

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3
Q

Partial Omission

A

Make one correct entry but miss out the other entry

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4
Q

Transposition

A

Half the error of original entry

Accidentally switching the numbers

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5
Q

Unequal posting

A

Entering the complete wrong number on one side

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Accounting AS (8 decks)

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