What types of errors disclosed in trial balance, Project Management

Assignment Help:

What types of errors disclosed in Trial Balance?

A Trial Balance discloses the given types of errors as illustrated follows:

a. An item posted two times.

b. A mistake into posting.

c. A mistake into addition.

d. An item left through being posted.

e. Money values wrongly recorded (as Rs. 140/- instead of Rs. 1400/-).

However a Trial Balance, will not disclose errors of omission, errors of principle and errors of compensation.


Related Discussions:- What types of errors disclosed in trial balance

Quantitative analysis., A highly sensitive device used to measure electrici...

A highly sensitive device used to measure electricity activity in the brain is required to have a variance in measurements not exceeding 0.0001 volts^2. if the variance exceeds thi

What is the purpose of the post completion review, What is the purpose of t...

What is the purpose of the post completion review? The purpose of a PC (post completion) review: • Assist continuous improvement for example review procedures to design bett

Explain about the work breakdown structure, Explain about the work breakdow...

Explain about the work breakdown structure. Work breakdown structure (WBS): The concept of work breakdown structure (WBS) is to assist plan effectively for a project by b

Define the critical path analysis in risk management, Define the critical p...

Define the critical path analysis in risk management. Critical path analysis (CPA) or network analysis: Gantt charts are a poor time management tools while projects are l

Explain the integration of the work breakdown structure, Question: (a) ...

Question: (a) Risk has always been an intrinsic part of project management. With increasing market competition, technology, and globalization, risk management is continuously

What is the primary objective of controlling, What is the primary objective...

What is the primary objective of controlling? The main objective of controlling is to bring the actual operational performance of enterprise onto the accurate track according t

Internal external factors influence organisational culture, Internal and ex...

Internal and external factors influence the organisational culture Culture facilitates internal integration and harmony as well as external adaptation according to environmental

What are the advantage of bottom-up decentralised approaches, What are the ...

What are the advantages of bottom-up decentralised approaches? Project budgets can be imposed by using bottom-up that is decentralised approaches for example project manager or

What is a project life cycle, Q. What is a project life cycle? If a pro...

Q. What is a project life cycle? If a project is well prearranged it will progress logically through several phases. There are four standard stages to a typical project. The fi

Task, in what ways consumer changing tastes affecting textile industry?

in what ways consumer changing tastes affecting textile industry?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd