What are the groups under which errors in accounting are placed?

What are the groups under which errors in accounting are placed?


Errors in accounting are placed in the following main groups:

- Error of Omission
- Error of Commission
- Error of Principle
- Compensating Error
What are the types of errors which have an effect on Trial Balance?
Following are the types of errors which affect agreement of Trial Balance:…
What type of errors do not affect the Trial Balance?
Following are the types of errors which do not affect the Trial Balance:..
What steps would you take to locate the errors in case Trial Balance disagrees?
In case Trial Balance disagrees, following steps should be taken to locate the errors:..
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