1.

Errors which do not affect the agreement of the trial

balance 2. Errors which affect the agreement of the Trial Balance

1.Errors which do not affect the agreement of the trial balance

Error of omission
Omitting an entry altogether(complete omission)

Posting to wrong heads of accounts but on correct side

Errors of principle
Compensating Errors Errors of commission
Recording wrong amount

2. Errors which affect the agreement of the trial balance

Wrong casting and wrong carry forwards

Wrong balancing of an account

Posting the amount on the wrong side of an account Posting wrong amount on the correct side of an account Omission to post an amount from the subsidiary book to the

ledger Omission of an account balance from the Trial balance Posting the same amount twice in an account Writing the balance of an account on the wrong side of the Trial balance Wrong totaling of Trial balance Partial omission One aspect of journal entry is not considered

Rectification of Errors
One sided Errors
It requires physical correction of wrong figures or an opposite entry

Two sided Errors

Eg: complete omission of a transaction, Error of principle,Wrong account posting etc

Suspense account
It is the net result of one sided error