Compensating errors do not effect the trial balance. Is the statement correct?

Yes

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Partially Correct

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Not sure

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Solution

The correct option is A
Yes

As the debit amount and the credit amount are equalized, such errors do not affect the agreement of Trial Balance, but the fact remains that there is still an error.

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Similar questions

Which of the following errors do not effect trial balance

Which of the following errors effect the Trial Balance i.e. Trial Balance do not tally due to which of the following errors?

If there is a compensating error in books, then the totals of debits & credits shall not tally in the Trial Balance. Is this Correct?

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