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The Trial Balance and Correction of Errors
Quick questions on Errors not revealed by the trial balance explained: O-Level Principles of Accounts
5short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is the six errors that do not affect agreement?Show answer
There are six classic errors that leave the trial balance balanced:
What is the contrast?Show answer
By contrast, a one-sided error (a debit with no matching credit), an entry posted twice on one side, or a wrong addition of one column will make the totals disagree. Those are the errors a trial balance does catch, and they are dealt with using a suspense account.
What is q1?Show answer
Name the error: a \400$ payment to a supplier was debited to the wrong supplier's account. [1 mark]
What is q2?Show answer
Explain why an error of original entry does not unbalance the trial balance. [2 marks]
What is q3?Show answer
Give one example of a compensating error. [2 marks]
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