Trial Balance Errors and Rectification of Trial Balance Errors

Trial balance errors are errors in accounting process that cannot be detected by the trial balance sheet. 2 types of limitations of trial balance are clerical errors, and errors of principles. Clerical errors are made by a human. Errors of principle happen when an accounting principle is not applied.

Trial Balance: Definition, Examples, How to Prepare a Trial Balance

A trial balance is a schedule or a list of balances both debit and credit extracted from the accounts in the ledger and including the cash and bank balances from the cash book.