Errors Revealed by the Trial Balance

These errors are as follows:

1. Errors in Calculation

If there is any miscalculation of the Trial Balance totals or the net account balances, the Trial Balance will not balance, e.g. there was an error in the calculation of the cash balance, causing the Trial Balance totals not to balance too.

2. Errors of Omission of One Entry

Omission of either the debit or credit entry of a transaction will cause the totals of the Trial Balance not to agree, e.g. a cheque $500 received for commission was debited to the Bank Account only.

3. Posting to the Wrong  Side of an Account

Entry into the wrong side of an account will cause one side of the ledger to be more than the other, e.g. a cheque of $800 paid to creditor, K. Wang was credited instead of debited to his account.

4. Errors in Amount

If the debit entry of a transaction differs in amount with the credit   entry, the Trial Balance will not balance, e.g. cash $134 received from Clement was debited to the Cash Account as $134 and credited to the account for Clement as $143.