ACCN1

Credit Note

Credit Transfers

Direct Debit

Standing Order

Cash Receipt

Till Rolls

Paying-in Slip Counterfoil

Invoices

Cheque Counterfoils

Partial Omission
(Error Revealed by Trial Balance)

Unequal Posting Error
(Error Revealed by Trial Balance)

Addition Error
(Error Revealed by Trial Balance)

Posting Error
(Error Revealed by Trial Balance)

Error of Omission

Error of Commission

Error of Principle

Compensating Error
(Error not revealed but trial balance)

Error of Original Entry
(Error not revealed but trial balance)

Complete Reversal of Entry
(Error not revealed but trial balance)

Reasons for Trial Balance

Reasons for a Bank Reconciliation

Reasons for a Suspense Account

Reasons for a control account

Limitations of Control Accounts