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Error in trial balance

Accountancy

When we will come to whether we have created any compensating or non compensating error in trail balance


Harsh sharma

Harsh sharma

CMA Inter

55

08-Sep-21 22:48

329

Answers (8)

Come to know*


Thread Starter

Harsh sharma

Harsh sharma

CMA Inter

55

08-Sep-21 23:14

Compensating errors means trial balance will tally with wrong totals


Miradevi S

Miradevi S

CA Final

14K+

09-Sep-21 05:56

In compensating error your trial balance will tally In non compensating there will be a difference between credit and debit side due to which it wont tally


roshini reddy

roshini reddy

CA Inter

1K+

09-Sep-21 11:29

roshini reddy

In compensating error your trial balance will tally In non compensating there will be a difference between credit and debit side due to which it wont tally

Then how we'll come to know we made any compensating error


Thread Starter

Harsh sharma

Harsh sharma

CMA Inter

55

09-Sep-21 22:51

Miradevi S

Compensating errors means trial balance will tally with wrong totals

Then how we'll come to know we made any compensating error


Thread Starter

Harsh sharma

Harsh sharma

CMA Inter

55

09-Sep-21 22:52

Thread Starter

Harsh sharma

Then how we'll come to know we made any compensating error

Trial balance total will be wrong when compared to correct trial balance total


Miradevi S

Miradevi S

CA Final

14K+

10-Sep-21 11:37

Thread Starter

Harsh sharma

Then how we'll come to know we made any compensating error

When you review the entries


Sudha Reddy

Sudha Reddy

CA Final

20K+

13-Sep-21 12:38

Sudha Reddy

When you review the entries

okay


Thread Starter

Harsh sharma

Harsh sharma

CMA Inter

55

03-Oct-21 17:15

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