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Commerce · Q352

Accounting

Graduate and Post Graduate · Commerce · question 352

Q352

Which error cannot be revealed on the preparation of trial balance?

A.
Wrong totalling of account
B.
Compensatory errors
Answer
C.
Error of commission
D.
Wrong balancing of an account

Answer: Option B

Solution

Answer: Option B
Solution:
Compensatory errors cannot be revealed on the preparation of trial balance. Compensating Errors are error on the debit side and is compensated by an error of equal amount on the credit side.