Скачать или смотреть Errors hidden in a trial balance

Errors hidden in a trial balance are what causes the total debits and credits of the trial balance to not equal. In this video I explain the 6 types of errors that are in the trial balance, giving simple examples and keywords that are normally in exam questions.

Once you understand the 6 types of errors in the trial balance, you can then prepare a suspense account to solve all the errors, to have the corrected trial balance.

TIMESTAMPS:
Intro: 0:00
How to know if there are errors?: 0:33
6 Errors in the trial balance: 1:08
Error of omission: 1:23
Error of original entry: 1:46
Reversal error: 2:07
Compensating error: 2:54
Error of commission: 3:40
Error of principle: 4:18
How to solve the errors?: 4:52
Summary: 5:07

If you have any questions, let me know in the comment section.
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