homework help

Errors Affecting or Disclosed by Trial Balance – Introducing the Concept

Personalized homework help for all major subjects.

Order confidently with our risk free, 14-day money-back guarantee.

  • ✔️ No sign-up required
  • | 🔒 100% Confidential

Our Expert Writers

We proudly boast a team of expert professionals with verified academic credentials, selected for their proven skills and flexibility through a strict process.

Engage with experts from the top universities across the globe.

Get Homework Help Instantly

Say goodbye to homework stress! 📚 Just share your details and we’ll whip up an affordable quote in no time – often within 15 minutes.

Get started now for FREE!

Submit Your Homework

Let our experts help you with your college homework

Introducing the concept

Remember; the old statement – “To err is human”? This statement has its significance in accountancy also. In the case of accounting, human beings often commit mistakes like a – commission, omission and principles. These mistakes occur while maintaining the books of accounting.

Some omit to record their entire financial transaction either partially or wholly. Some even make mistakes while calculating, like- adding, subtracting, multiplying and dividing. While calculating in a hurry, some tend to make a mistake while carrying forward the total from one page to another. For example, while carrying forward the sum from a previous page to the next page, one may often miss a number or copy it wrongly. Another common mistake is while posting from subsidiary book to ledger account.

It often happens that revenue expenditure is recorded as capital expenditure or a capital expenditure gets wrongly recorded as revenue expenditure. These are the mistakes which are going to be committed to the books of accounting.

Mistakes which are made in the accounting books need to be rectified at first. It needs to be kept in mind that errors in accounts cannot be rectified by using a rubber or an ink remover to remove this fault. It cannot be removed even by striking off a mistake or over-writing it or by tearing off a page. Instead, it should be accepted as a fault and a corresponding journal entry for rectification is made.

This rectified entry neutralizes the effect of that wrongly passed entry. Further, it even brings the correct effect of a financial transaction. Thus, rectification of errors should be made as early as possible. Thus, it is important that while passing a rectification entry, the nature and types of accounting errors are taken into consideration.

Types of Accounting Errors which affect or get disclosed

Whenever the trial balance fails to match, it means that some errors must have been made while working on it.  The accounting errors which affect the trial balance are as follows-

  1. Errors of Principle

These are the mistakes which are made in the treatment of revenue and capital expenditure and receipts. These mistakes remain undetected by the trial balance. Further, these do not even have an effect on a trial balance as both its credit and debit record remains complete. Since this completes the double entry, trial balance tallies.

  1. Clerical Errors

These errors can further be divided into three categories. These mistakes are-

  1. Errors of omission- Errors of commission can be of two types-
  2. A partial omission of record in the subsidiary books is easily detected by the trial balance as it has an effect on it.
  3. A complete omission of record in the original books of accounts is undetected by the trial balance and does not even affect it.
  4. Errors of commission-
  5. Posting incorrect values in ledger accounts. These are detected by trial balance as it has an effect on it.
  6. Recording incorrect values in the subsidiary books. These do not have any effect and are not even detected by trial balance.
  7. Improper balancing of ledger accounts has an effect on trial balance as it can be detected.
  8. Posting at the other side of ledger accounts has an effect on the trial balance as it can easily be detected.
  9. Incorrect totaling of subsidiary books like overcasting or under casting affects the trial balance and gets noticed too.

Compensating Errors- These errors do not cause any effect on the trial balance and remain unaffected as the trial balance cannot detect it. This is because it tallies at the end.

Errors affecting or disclosed by trial balance introducing the concept


Links of Previous Main Topic:-

Links of Next Book-Keeping Topics:-

Your Price: $11.00 $10.00

Pricing may change based on requirements

Descriptive text for the image

Get Homework Help In

Maths and Statistics


Humanities & Arts


Essay Writing

How Our Homework Service Works

FAQ number 1

Share your requirements

FAQ number 2

Make secure payment

FAQ number 3

Get homework answers

FAQ - Frequently Asked Questions

Discover quick answers in our FAQ, covering the most common customer questions about our homework help service.

Is your homework service confidential?


Absolutely! Confidentiality is one of the basic guarantees of our service at MyHomeworkHelp.com.

When our customers make their homework orders, they know their information remains 100% confidential.

Even your homework writer will not be provided with your personal details. So, when you hire a professional homework helper on our website, rest assured that your information will remain private and safe.

For a comprehensive understanding of how we protect your privacy, please refer to our Privacy Policy.

Who will help me with my homework?


We work with subject experts from all over the world. We hire them with the help of complex tests in the disciplines of their expertise. We also verify the IDs and academic transcripts of our homework writers to be sure that our experts have a bachelor's or master’s or a PhD degree. This is how we can be sure of the proficiency of our panel of experts who will help you with your homework.

Is it legal to ask for help with homework?


Seeking homework help is perfectly fine and shows your proactive approach to overcoming challenges. But it's important to use our homework service to enhance your understanding, not to replace your own efforts.

Our homework service offers original solutions for personal use, including:

  • Generating ideas or arguments for your research.
  • Deepening your subject comprehension.
  • Direct citation, with proper referencing.

However, it's crucial to avoid plagiarism by not submitting our work as your own. Make sure to check your institution's academic integrity policies before using our services. Our goal is to support your educational journey in a responsible and beneficial way. Refer our honor code for more details.

Is myhomeworkhelp.com legit?


Yes, myhomeworkhelp.com is completely legitimate. We've been successfully connecting students with top experts worldwide since 2012, offering direct, secure communication for a seamless learning experience. With over thousands of students helped and a commitment to innovative, effective education tools, we're dedicated to making learning easier and more accessible for everyone.

You can read our reviews here on Trustpilot and Sitejabber (Independent, verified reviews from buying customers) like you!

Is there a possibility of plagiarism in my completed order?


Unlike our competitors who use cheap and ineffective in -house plagiarism software, MyHomeworkHelp.com uses credible software to check your homework solution originality. We guarantee that your paper will pass TurnItIn checks with a low percentage of similarity. In addition, we also check submitted papers for ai-content using Originality.ai.

You will receive a complemantary plagiarism free report with your completed order.

What makes you one of the best homework help website?


We are not number 1 (yet!). We're an independent, bootstrapped business standing up to Big EdTech for last 12 years. So it means a lot that folks like you are willing to consider our services for your educational needs.

Myhomework Help is recognized as one of the premier websites for homework answers for three key reasons.

  1. Firstly, we pride ourselves on the expertise and qualifications of our tutors/experts, who are selected through a rigorous vetting process to ensure they can provide best academic assistance across a wide range of subjects.
  2. Secondly, our response time to student inquiries is fast (as early as few minutes), reflecting our understanding of the importance of timely support in an academic setting.
  3. Lastly, we keep our pricing very student friendly. Our aim is to provide the best learning experience to students like yourself without burning a hole in your pockets.