Question
Classify the following types of error into those that will not create an imbalance in the trial balance and those that will Some errors
Classify the following types of error into those that will not create an imbalance in the trial balance and those that will Some errors can be made without affecting the agreement of the trial balance, while others will cause the trial balance not to agree. * 14 points Errors that create an imbalance Errors that do not create an imbalance Transaction completely omitted from system Reversal of debit and credit entries for a transaction O Transposition error in amount entered into cash book O Transposition error in amount posted into ledger account from cash book Posting a revenue expense into a capital account Arithmetic error when balancing a ledger account Transposition error when creating the trial balance
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