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Even if Trial balance tallies.there will show some errors
why? what is the reason?
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Answer Posted / satyaki_raju@yahoo.com
Before going for preperation of financial statements we
have to get tallied the trial balance. The trial balance
proves the arthematical accuracy of the books of accounts.
Even though it is tallied therer are some possibilities of
errors which canot be detected by trial balance they are
1.Errors of principle
2.Compensating errors
3.Errors of commission
4.errors of ommission
| Is This Answer Correct ? | 17 Yes | 0 No |
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