Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 14 - No. 30)
Which of the following are limitations of a trial balance?
It does not detect errors of principle.
It detects errors of omission.
It may not detect compensating errors.
It checks the accuracy of calculations.
Explanation
Trial balances do not detect errors of principle, and compensating errors can make the debits and credits appear equal.
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