About this document
Errors Affecting Trial Balance Explained by Gift Simau is a document available to read on EtoBox.
1) Errors that affect the trial balance include overcasting and undercasting errors when adding up amounts in daybooks, debit entries without corresponding credit entries, and unequal debit and credit amounts. 2) To correct these errors, journal entries are made with the suspense account as the contra account. 3) The suspense account balance should be zero once all errors have been identified and corrected through journal entries.
- Author
- Gift Simau
- Language
- EN