osting errors are identified in the following table. In column (1), enter the amount of the difference between the two trial balance columns (debit & credit) due to the error. In column (2), identify the trial balance column (debit or credit) with the larger amount if they are not equal. In column (3), identify the account(s) affected by the error. In column (4), indicate the amount by which the account(s) in column (3) is under- or overstated. Item (a) is completed as an example. (No effect then select "None".)
Posting errors are identified in the following table. In column (1), enter the amount of the difference between the two
There are different types of errors are there in the accounting. These errors disbalance the accounting statements. Some types of errors are as follows:
1) Error of omission
2) Error of commission
3) Error of compensation
These are some common types of errors in accounting.
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