Errors Of The Trial Balance

Munali Boys High inculcate Page 1 of 5 Mumba G (Mr.)
Zambian Lesson Plan
Commerce and Accounts: Errors in the Trial Balance
Grade: 10
reason: Mr. G Mumba, Munali Boys School
ERRORS AND THE TRIAL BALANCE – PART 1
A. ERRORS NOT modify TRIAL BALANCE AGREEMENT
There are basically sise main wrong(p)ful conducts, which when committed, the Trial Balance still agrees.
These are; error of omission, error of commission, error of principle, error of original admittance,
Compensating errors and error of hump reversal of entries.
1. ERROR OF OMISSION
This is refers to a situation where a dealings is completely omitted from the books of
circulars, and so double entry not apply anywhere in the books.

To correct such errors, double entry system must be applied correctly in the Journal.
Examples
(i) A payment of K60,000,000 cash to B.Musonda was completely omitted from
the books of accounts.
(ii) The withdrawal of convey worth K80,000,000 by the proprietor form the business
for personal physical exertion was not recorded anywhere in the books.
(iii) A reception of K70,000,000 by cheque from J.J.B.Electronics was completely
omitted from the books.
THE JOURNAL
DATE DETAILS F Dr. (K) Cr. (K)
(i) B. Musonda 60,000,000
interchange 60,000,000
(ii) Drawings 80,000,000
Purchases 80,000,000
(iii) Bank 70,000,000
J.J.B.



Electronics 70,000,000
2. ERROR OF COMMISSION
This is the entering of a transaction in the wrong account, but of the same class. That is
either in the wrong personal, nominal or real accounts.
 To correct errors of commission, the wrong account must be cancelled (i.e by
debiting it if it was wrongly credited or vice versa). The correct account must then
be entered in the Journal to complete double entry system.
Munali Boys High School Page 2 of 5 Mumba G (Mr.)
Examples
(i) A secure of goods on credit from K.Mbewe K20,000,000 was correctly entered in
the Purchases Account, but credited to K. Mbeba’s Account in error.
(ii) A purchase of a computer for the...If you want to get a full essay, order it on our website: Orderessay



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