3985804
Description
Flashcards by Kieran Howell, updated more than 1 year ago
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Created by Kieran Howell
over 8 years ago
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| Question | Answer |
| An error of omission Will trial Balance be balance? | Where by a transaction is not recorded at all. No. |
| An error of duplication Will trial Balance be balance? | Entry of transaction duplicated at prime entry. No. |
| An Entry Error | Where amount recoreded is incorrect (Omission of zero)(Trasposition of figures) |
| Arithmetical Error Will trial Balance be balance? | Problems with mathematical calculations at any stage. Yes. |
| Double - Entry Errors | Amount in cash book not posted. Amount posted is different from amount recorded. Rule of double-entry not completed |
| Error of commission | Correct amount but incorrect class (Dr/Cr) |
| Error of Principle | Correct amount. Incorrect account. |
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