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

Errors of Omission

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An item posted to correct side of wrong account

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Errors of Principle

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An entry posted incorrectly in one account

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Solution

The correct option is D
An entry posted incorrectly in one account

Only in the cases where errors are in one account effect the trial balance.

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Similar questions

Give one word/term on phrase for each of the following statements.

1) Errors of incorrect entries or wrong posting.
2) Account to which difference in trial balance is transferred.
3) Errors which are committed by clerks.
4) Transaction remained to be recorded at all in the books of accounts.
5) Error in which the effect of one mistake is nullified by another mistake.
6) An entry passed to cancel wrong effects given and give correct effects to accounts affected.
7) Errors of calculation.
8) Error which affects the agreement of trial balance.
9) Error which are not disclosed by the trial balance.
10) Taking the Total more while closing books of accounts

State whether the following statements are True or False-

1) A trial balance can agree in spite of certain errors.
2) Errors committed due to lack of accounting knowledge are errors of omission.
3) Trial balance is prepared from the balance of ledger accounts.
4) Rectification entries are passed in cash book.
5) Single sided errors affect only one account.
6) Suspense account is automatically closed after rectification of all errors.
7) Errors affecting the agreement of trial balance are called on side errors.
8) There is no need to open a suspense account if the trial balance agrees.
9) All the errors can be rectified only through suspense account.
10) Compensating errors affect the agreement of trial balance.

In case of Errors of Principle, there is no effect on the Trial Balance as the amounts are placed on the correct side of the Trial Balance though in wrong accounts. Is the above statement correct?

Errors of commission of posting of wrong amounts in both the accounts can be revealed by Trial Balance. Is this statement correct?

When an amount is posted on the wrong side, is this error revealed by Trial Balance?

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

The correct option is D An entry posted incorrectly in one account Only in the cases where errors are in one account effect the trial balance.

The correct option is D
An entry posted incorrectly in one account

Only in the cases where errors are in one account effect the trial balance.