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Meaning, Reasons and Types of Errors

Lesson 1 of 17 • 24 upvotes • 6:24mins

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Akanksha Chawla

Understanding the Meaning, Reasons, Effects & Types of Errors

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1

Meaning, Reasons and Types of Errors

6:24mins

2

Errors of Principle

7:17mins

3

Errors of Omission

6:25mins

4

Errors of Commission

6:38mins

5

Compensating Errors

7:51mins

6

Errors which do not affect the Trial Balance

3:48mins

7

Complete Omission of a Transaction & Recording Wrong Amounts in an Accounts

5:36mins

8

Posting to Wrong Head of Account and Compensating Errors

5:03mins

9

Posting Wrong Amount in Original Books of Entry, Errors of Principle & Recording Twice

6:26mins

10

Errors Affecting the Trial Balance ( One Sided Errors)

5:18mins

11

Errors Affecting the Trial Balance (One Sided Errors)

5:16mins

12

Steps to locate Errors & Rectification Procedure

7:47mins

13

Rectification Of One Sided Errors Part 1

7:39mins

14

Rectification Of One Sided Errors Part 2

5:51mins

15

Rectification Of Two Sided Errors Part 1

5:21mins

16

Rectification Of 2 Sided Errors Part - 2

6:07mins

17

Practice Questions with their Solutions

14:36mins

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