Trial Balance and Rectification of Errors

account to be debited is credited and amount to be credited is debited, or an entry with wrong amount. Error in recording a transaction in subsidiary book with wrong name or wrong amount. Keeping in view the nature of errors, all the errors can be classified into the . .

Errors of Commission These are the errors which are committed due to wrong posting of transactions, wrong totalling or wrong balancing of the accounts, wrong casting of the subsidiary books, or wrong recording of amount in the books of original entry, etc. For example: Raj Hans Traders paid Rs. , to Preetpal Traders (a supplier of goods). This transaction was correctly recorded in the cashbook.

But while posting to the ledger, Preetpal’s account was debited with Rs. , only. This constitutes an error of commission. Such an error by definition is of clerical nature and most of the errors of commission affect in the trial balance.

The errors of omission may be committed at the time of recording the transaction in the books of original entry or while posting to the ledger. These can be of two When a transaction is completely omitted from recording in the books of original record, it is an error of complete omission. For example, credit sales