Trial Balance Errors

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  • Created by: KatyX97
  • Created on: 04-04-15 14:47
Partial Omission Error
Omission of one part of transaction
1 of 7
Posting Error
Recording 2 Debits/2 Credits for a transaction
2 of 7
Unequal Posting Error
Recording different amounts in 2 sides of a transaction
3 of 7
Transposition Error
e.g. 34 is transposed to 43
4 of 7
Addition Error
Errors in calculating balances
5 of 7
Transfer Error
Errors transferring balances to Trial Balance
6 of 7
Trial Balance only proves...
...arithmetical accuracy.
7 of 7

Other cards in this set

Card 2

Front

Recording 2 Debits/2 Credits for a transaction

Back

Posting Error

Card 3

Front

Recording different amounts in 2 sides of a transaction

Back

Preview of the back of card 3

Card 4

Front

e.g. 34 is transposed to 43

Back

Preview of the back of card 4

Card 5

Front

Errors in calculating balances

Back

Preview of the back of card 5
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