Errors the trial balance hides
Six kinds of error leave the trial balance agreeing. Learn to name each one, see what it does to the figures and write the journal that corrects it.
See the first roomA transaction left out of the books
Rooms in this module
How this works
Each room answers one problem. A task is a few lines of reading, then questions you answer in the books: post to an account, type a figure, sort, match or write a journal. Every answer is marked at once, with the rule behind it. There are no videos.
Words in this module
- Error of commission
- An error of commission is an entry for the right amount, on the right side, in the wrong account of the same kind.
- Error of omission
- An error of omission is a transaction left out of the books completely. The trial balance still agrees.
- Error of principle
- An error of principle is an entry in the wrong kind of account, such as an asset recorded as an expense.
Questions
How many rooms and questions are in Errors the trial balance hides?
5 rooms and 41 questions. Every question is marked at once.
How long does it take?
About 47 minutes in all. A room takes 9 to 10 minutes, so you can do one at a time.
Is it free?
No. These rooms need Premium. Each room shows the start of its first task before you pay.
What should I do first?
The journal. It is the module before this one in Journals, errors and control accounts.