Please enable JavaScript.
Coggle requires JavaScript to display documents.
:red_cross: ERRORS :red_cross: (Errors Not Affecting Trial Balance…
:red_cross: ERRORS :red_cross:
Errors Affecting Trial Balance
Transposition Error
Transposition of two digits
of one amount. Ex. RM457 -> RM475
One Sided Entries
When entries are entered on
either debit or credit only
. Ex. Debit Supplies RM200 but no credit account of RM200
Slide Error
When a decimal slides
from one place to another. Ex. RM209.13 -> RM2091.30
Errors Not Affecting Trial Balance
Original Entry Error
When a transaction is recorded with the
wrong amount.
Complete Reversal of Entries Error
When a transaction is recorded on the right accounts but
wrong sides on both accounts.
Compensating Error
When a transaction recorded had the
wrong amount but cancel each other out.
Combinations of multiple errors
Principle Error
When a transaction is recorded on the
wrong category of accounts.
Commission Error
When a transaction is recorded on the
wrong account of the same category.
Omission Error
When a transaction is
not recorded at all.
Transposition Error
When transposition of numbers occur on
both sides of accounts affected.