Types of Errors Errors of Principle, Error of Omission, Errors of Commission and Compensating Error

[@SangBrian]

a) Accounting Errors that Affect the Trial Balance
Errors that affect the trial balance are usually a result of a one-sided entry in the accounting
records or an incorrect addition. As a temporary measure, to balance the trial balance. the
difference in the trial balance is allocated to a suspense account, and a suspense account
reconciliation is carried out at a later stage.
b) Errors which do not affect the Trial Balance
Accounting errors that do not affect the trial balance fall into one of six categories as follows:
1. Errors of Principle
2. Errors of Omission
3. Errors of Commission
4. Compensating Errors
5. Error of Original Entry
6. Complete Reversal of Entries

[@jnmatias7351]

I learned a lot, but I can't stop repeating the clap at 7:13 it was a good wake-up call.

[@jnmatias7351]

+7:55

[@sariyafatima9297]

Lol...me too 😂

[@ashwinikhaire8913]

Thanks nice explanation and it was easily understandable 😊👍🏻👍🏻

[@umarafzal2191]

Wow! Thank You this was really helpful going into my exams soon.

[@Piyush27104]

Easy to understand ✨❣️

[@incorrectgamer4921]

Thanks you sir. This went directly to mind. Thank you so much ❤️

[@thekashmiri9630]

Lots of love and blessings from Kashmir ❤️

[@yourdangerdaddy]

Nobody needs

[@thekashmiri9630]

@@yourdangerdaddy i wanna spit on ur mentality,,,bloody gobr 🖕🖕

[@jamalnasir7759]

Best way to explain

[@ssssssss7594]

Thanks sir🙌

[@Oogaboogakekw]

Can you tell me how error of commission affects trial balance ? As long as I think writing the debit and credit entry will not hamper the trial balance ...

[@lubusamuel88]

it doesnt affect the trial balance not at all

[@Oogaboogakekw]

@@lubusamuel88 no It doesn’t .not in the slightest

[@SangBrian]

a) Accounting Errors that Affect the Trial Balance
Errors that affect the trial balance are usually a result of a one-sided entry in the accounting
records or an incorrect addition. As a temporary measure, to balance the trial balance. the
difference in the trial balance is allocated to a suspense account, and a suspense account
reconciliation is carried out at a later stage.
b) Errors which do not affect the Trial Balance
Accounting errors that do not affect the trial balance fall into one of six categories as follows:
1. Errors of Principle
2. Errors of Omission
3. Errors of Commission
4. Compensating Errors
5. Error of Original Entry
6. Complete Reversal of Entries

[@rakeshprabhu4371]

Error of posting does not affect trial balance according to ipcc Practice manual pg 1.6

[@Oogaboogakekw]

Error of commission also don’t effects trial balance

[@mansurali7659]

You explained it smoothly and make it so easy to understand..thank you sir

[@pahadibnde9573]

Thank you so much

[@harbajsinghbrar7659]

Plzz understand in hindi its difficult for us yo understand what in english

[@RakeshKumar-yi3lc]

Superb Great

[@YogeshSingh-qy8zw]

Thank you sir

[@mehaksood]

nice explanation :😃

[@maheshsolanki4074]

Tq kle sir

[@ankitmishra7859]

Amazing

[@bhisamsingh6048]

Good sir

[@johnwickyt9005]

Km bola kro examples diya kro

[@Qkvideos4]

Very well explained thanks sir

[@sachinshinde3350]

Thank 👌

[@Anup_Maurya]

hindi me bta dete 🥲

[@RajendraKumar-zn5dd]

Aur Confuse krdiya

[@poojaverma816]

Hindi me samjha lo

[@Anjali.196]

Tali q bajaya

[@ajaysharma-vr7tz]

hindi m smja deta

[@kartikeyanand46]

Bro you are not explaining anything you are just reading a defination

[@ngochangluu6147]

nói thế chịu chết chả hểu đc

[@parvezmev4335]

Are sir hindi mei hi samjha do
Pata hai angrez ho aap

[@harshithapavani8069]

thank you sir