Which of the following errors is disclosed by trial balance?

Errors of principle.

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Non-recording of a transaction in the original books.

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Wrong amount posted in ledger account.

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None of the above.

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Solution

The correct option is B Wrong amount posted in ledger account.
When an error has occurred while posting the transactions, its an error of commission. In such errors, either amount is wrongly posted or posted in wrong account.
In such cases trial balance will not be tally, These errors is disclosed by 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

Q. Pending the location of errors in the books of accounts that affect the agreement of the Trial Balance, the difference disclosed is normally posted to ______________

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

An amount of Rs 20,000 was received from Mr. X for the goods he purchased on credit but at the time of recording the transaction, Rs 20,000 was credited to the account of Mr. Y. Which type of error is this?

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?

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