Dannyoung Danny
Apr 11
Differentiate between errors that affect the agreement of a trial balance and the errors that didn't affect the trial balance?
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Apr 11
Errors that affect the agreement of a trial balance are those that result in the trial balance not balancing. These errors can include mathematical mistakes, posting errors, transposition errors, and omission errors. When these errors occur, the total debits will not equal the total credits in the trial balance.
On the other hand, errors that do not affect the trial balance are those that do not impact the equality of debits and credits in the trial balance. These errors can include errors of principle, errors of omission, errors of commission, and compensating errors. Even though these errors may exist in the accounting records, they do not prevent the trial balance from balancing.
On the other hand, errors that do not affect the trial balance are those that do not impact the equality of debits and credits in the trial balance. These errors can include errors of principle, errors of omission, errors of commission, and compensating errors. Even though these errors may exist in the accounting records, they do not prevent the trial balance from balancing.
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