What is transposition or slide error explain, Accounting Basics

Q. What is transposition or slide error explain?

When the trial balance doesn't balance try re-totalling the two columns. If this step doesn't locate the error divide the difference in the totals by 2 and then by 9. If the dissimilarity is divisible by 2 you may have transferred a debit-balanced account to the trial balance as a credit or a credit-balanced account as a debit. When the dissimilarity is divisible by 2 you may look for an amount in the trial balance that is equal to one-half of the difference. Therefore if the difference is USD 800 look for an account with a balance of USD 400 and see if it is in the wrong column. If the dissimilarity is divisible by 9 you may have made a transposition error in transferring a balance to the trial balance or a slide error. A transposition error takes place when two digits are reversed in an amount (example writing 753 as 573 or 110 as 101). A slide error takes place when you place a decimal point incorrectly (example USD 1500 recorded as USD 15.00). Therefore when a difference is divisible by 9 compare the trial balance amounts with the general ledger account balances to see if you made a transposition or slide error in transferring the amounts.

Posted Date: 7/2/2013 1:26:25 AM | Location : United States







Related Discussions:- What is transposition or slide error explain, Assignment Help, Ask Question on What is transposition or slide error explain, Get Answer, Expert's Help, What is transposition or slide error explain Discussions

Write discussion on What is transposition or slide error explain
Your posts are moderated
Related Questions
Ratio Analysis : A 'Ratio' is  clear as an  arithmetical/quantitative/ numerical relationship between two numbers. Ratio analysis is a extremely significant and age old method of f

Selling the rights to the quantity owing by debtors to a finance company for an agreed amount (which is a lesser amount of than the figure at which they are recorded in the account

Credit -- an accounting entry on the bottom or right of a balance sheet. Generally an increase inliabilities or capital or a reduction in assets. Opposite of credit is debit. Every


Q. What is Instance financial reporting? For instance financial reporting should - Provide information concerning an enterprise's past performance because such information i

Q. Film and television costs- accounting policies? Film as well as television production and participation costs are expensed based on the ratio of the current period's gross r

Cooperton Mining just announced it will cut its dividend from $4 to $2.50 per share and use the extra funds to expand. Prior to the announcement, Cooperton's dividends were expecte

Q. Seasonality in sales? Based upon its operating record the company believes that its business is seasonal. Excluding the result of net sales, new store openings and earnings

A sweep account is actually a grouping of two or more accounts at a bank. It is useful in managing a steady cash flow among a cash account where scheduled payments are made from an

At the starting of the year, Hernandez Company had total assets of $872,310 and total liabilities of $497,500. (a) If total assets enhanced $147,320 during the year and total li