Correction of Errors- 6 Errors not revealed by a Trial Balance (Part 1 of 4)

N/O Levels Principles of Accounts Chapter 14 - Correction of Errors Introduction (What is this chapter about?) There are definitely errors in the accounts if the Trial Balance is not balanced. However, a balanced Trial Balance does not mean that there are NO ERRORS. There are accounting errors that could have happened and yet the Trial Balance is balanced. There are 6 types of errors not revealed by a Trial Balance. The 6 types of errors are described in this video. 6 Errors not revealed by a Trial Balance 1) Error of Omission 2) Error of Complete Reversal 3) Error of Original Entry 4) Compensating Error 5) Error of Commission 6) Error of Principle