Trial balance - not balanced
If it doesn't balance there may be a problem with the adding or in the double entry books.
There are 6 errors not shown by the trial balance;
1) Error of omission- transction has been completely missed out.
2) Error of commission/mispost- transaction entered in the wrong person's account.
3)Error of principle- transaction has been entered int he wrong type of account.
4)Error of original entry- £45 posted instead of £54
5)Reversal of entries- the debit and credit postings are the wrong way round.
6)Compensating error- two errors cancel eachother out