Question

The preparation of a trial balance is for locating -

• A. Errors of complete commission
• B. Clerical errors
• C. Errors of principle
• D. All of the above

Answer 1

The correct option is B Clerical errors

The most important objective of trial balance is checking the accuracy of the accounts and detecting the errors. There are some errors that directly affect the trial balance i.e., the trial balance doesn't tallies while there are other errors when the trial balance may tally but it may not be accurate.