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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.

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Project Management, Management Studies

Category:- Project Management
Reference No.:- M9577906

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