Name the Errors Which the Trial balance cannot detect

Answer Posted / satyaki_raju@yahoo.com

Trial balance verify the arthimatical accuracy of the books
of accounts. It can not detece errors of principle,errors
of commission and compensating errors. They can be detected
only thru thorough audit

Is This Answer Correct ?    14 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Dear All, myself B.k Singh graduate with B.Com and PGDBM - Finance, I was worked with Service Company for 6 yrs.Now past 2yrs working with Real Estate,moreover I want to some course short term, plz guide me.

1609


What is mamimum rate of CST applicable on Plastic Doors in NOIDA?

1617


In case of cement plant we have to capitalizee locomotive engine my question is about the rate of depreciation on SM basis and category in which it should be capitalize?

1569


Expand---------EDP

2030


i m a student of icwai i have just passed out my foundation and i wanna no if i should go for both intermediate group together or not....

1443






Is TDS applicable to Voice Over IP(VOIP) service to an India VOIP service provider? please provide the related acts and case studies.

1784


Define the word Profit in terms of business

1695


What is revaluation of Accounts, how does it is accounted in business

1492


loss of pay for a employee when he is not having single leave bal. in his account that time what is the calculation 2) what exactly the days to be considered i.e. 26 days or 27 days i.e. to arrive at salary per day what exactly the days to be divid

1631


I customized the tax procedures, after posting normal g&l (f-02), i got an error, error is complete lineitem display, its popup error message num, how can i find the message error, whats the t-code

1681


What is the rate of basic excise duty and specific duty And I want to know that how can I see that vat rate in up ,excise duty and tds details Please tell me site plese

1571


What is Provision for expenses?

1794


Purchased goods worth @25000 at 10% trade discount from seven who paid 200/- as carriage on behalf of prabhakar

1630


How can i do the entry of of service tax in tally.

1647


Can you explain about the distinction of Book-Keeping and Accounting

1542