Errors of commission of posting of wrong amounts in both the accounts can be revealed by Trial Balance.
These are classified as:Error of omission- When a complete transaction is omitted in recording. ... Error of commission-When a wrong amount is posted in ledger. ... Error of principle- If any of the accounting principle is not followed while recording the transaction.More items...
Error of complete omission – If a transaction is completely omitted or not recorded in the journal or any subsidiary books, it is termed as error of omission. Such error will not effect the trial balance as it is not recorded on the debit side of an account nor on the credit side of another account.
5 Errors not Disclosed by a Trial BalanceErrors of Principle:Errors of Omission:Posting to Wrong Account:Error of Amounts in Original Book:Compensating Errors: