Some Important-to-Know Facts about Trial Balance Accounting
Trial balance is a statement prepared by stating the totals of debit and credit balances from ledger accounts.Feel free to contact us for more details visit http://www.tbworkssoftware.com
Trial balance is a statement prepared by stating the totals of debit and credit balances from ledger accounts.Feel free to contact us for more details visit http://www.tbworkssoftware.com
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• Compensating Errors<br />
This states that effect of one error is neutralized due <strong>to</strong> the effect of another<br />
error.<br />
• Errors Of Principle<br />
Whenever any expenditure or income is not properly accommodated with<br />
revenue and capital, the occurring mistake is called the error of principle.
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