Trial Balance & Errors - Video Class

 

Trial Balance (TB), a statement used to verify the arithmetical accuracy of ledger accounts and aid in final accounts preparation. Accounting errors are classified into clerical (omission, commission, compensating) and principle errors. Errors are rectified by journal entries, sometimes using a Suspense Account for one-sided errors after the TB is compiled.

Trial Balance & Errors
1	◼️ Meaning & Objective of TB ◼️ Method of Preparing TB	Click Here
2	◼️ Classification of Errors & Its rectifications ◼️ Errors at different stages	Click Here
3	◼️  Rectification of Errors- Illustration ◼️ Suspense Account	Click Here
	Presented by Rajendran