Correction of errors

This topic has 1 reply, 2 voices, and was last updated 10 years ago by John Moffat.

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April 26, 2016 at 7:22 am #312690
abrizni10
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Sir if petty cash book balance is omitted from from the trail balance, suspence account is not required right? I mean the trail balance tally anyways? This is errors of omission?
April 26, 2016 at 6:46 pm #312774
John Moffat
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If the balance on the petty cash account is not included then the TB will not balance. The balance on all of the accounts need to be included.
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