Errors hidden in a trial balance скачать в хорошем качестве

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. If you want more videos like this, subscribe to this channel so you won't miss a single video.