Accounting errors :

Accounting errors are the errors committed by persons responsible for recording and maintaining accounts of a business firm in the course of accounting process. These errors may be in the form of omitting the transactions to record, recording in wrong books, or wrong account or wrong totalling and so on. While discussing about the trial balance, we have seen that preparation of trial balance is a method of verifying the arithmetical accuracy of entries made in the ledger. But it may be noted that an agreement of the trial balance does not prove that- (i) all transactions have been correctly analyzed and recorded in the proper accounts; and (ii) all transactions have been recorded in the books of original entry. Hence, we can say that a trial balance should not be regarded as a conclusive proof of the correctness of the books of account, that is if the trial balance does not agree, there are errors or mistakes but even if the trial balance agrees, there may be errors in the accounts.