Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 45 - No. 37)

Which of the following is considered an error that a trial balance *will not* detect?
Transposition errors.
Omission of a transaction.
Errors of principle.
Errors of commission.

Explanation

Errors of principle, where transactions are posted to the wrong account, can balance and not be detected by the trial balance.

Comments (0)

Advertisement