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

Disadvantages of product layout - high overhead charges, Disadvantages of P...

Disadvantages of Product Layout - High Overhead charges Due to heavy investment, the overhead fixed charges also tend to be high. A decline in demand for the product will rend

The Roles and responsibilities of a project manager, what are the Roles an...

what are the Roles and responsibilities of a project manager in the construction sector

LIne balancing, Q3. What do you understand by “line balancing”? What happen...

Q3. What do you understand by “line balancing”? What happens if balance doesn’t exist?

Identify a governmental and a not-for-profit program, One of the characteri...

One of the characteristics unique to governmental and not-for-profit organizations is the inability to eliminate unprofitable activities. Clearly, in the case of these activities,

Give the definition of a team, Problem: (a) Give the definition of a te...

Problem: (a) Give the definition of a team and elaborate on the purpose of having teams in the organisation. (b) Describe the different processes that take place in a team a

Describe the roles of the sponsor, Describe the roles of the sponsor. T...

Describe the roles of the sponsor. The sponsor’s role is to signify the organisation commissioning the project and to create the main business decisions relating this. The spon

A comparative literature review, a comparative literature review on project...

a comparative literature review on project management in small businesses (2000 words)

Data input errors, Discuss the typical data input errors in project managem...

Discuss the typical data input errors in project management.

Crucial component of project management, Question: (a) Describe why ris...

Question: (a) Describe why risk management is a crucial component of project management. (b) Critically show the different responses to risks that should be developed ear

Relationship between values and behavior, Strong organisational values, eng...

Strong organisational values, engaging vision that is inspirational for employees as well as creating a sense of involvement with effective communication channels.Organizational va

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