Trial Balance and Accounting Errors

Subject: Principles of Accounting

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Lesson Info

  • Notes 1
  • Videos 0
  • Exercises 0
  • Practice Test 0
  • Skill Level Medium


Concept, objectives and preparation of unadjusted trial balance. Meaning and types of accounting errors, errors disclosed and not disclosed by trial balance, rectification of errors before and after preparation of trial balance. Suspense account: Meaning, utility and preparation of suspense account


Accounting Errors

Term 'Accounting Errors' generally indicates the mistakes during the time of recording, casting, posting and summarizing the financial transaction. Therefore, an accountant should try to locate such errors and rectify them before the preparation of final accounts. Learn More

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