Practice - Types of Errors Affecting the Trial Balance
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Practice Questions
Test your understanding with targeted questions
What is an error of omission? Provide an example.
💡 Hint: Think about what happens if we forget to enter a transaction.
What does an error of commission involve?
💡 Hint: Consider how you might mistakenly write numbers in the wrong way.
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Interactive Quizzes
Quick quizzes to reinforce your learning
Which of the following is an error of omission?
💡 Hint: Think about transactions that might have been skipped or left out completely.
True or False: Compensating errors will always affect the trial balance.
💡 Hint: Consider whether compensating errors alter the total numbers.
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Challenge Problems
Push your limits with advanced challenges
A company posted sales worth ₹10,000 but failed to record an expense of ₹2,000. Identify the type of error and explain the repercussions.
💡 Hint: What happens to profits when expenses aren't recorded?
If you mistakenly recorded a ₹500 transaction twice, what type of error occurred and how would you address it?
💡 Hint: Think about what 'duplicate' implies in terms of numbers.
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