''Trial Balance Is Not A Conclusive Proof Of The Accuracy Of The Books Of Accounts.'' Explain This Statement And Explain The Errors Which Are Not Disclosed Inspite Of The Agreement Of Trial Balance?


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A trial balance can not be completely referred to as a proof of accuracy this is basically due to  the following errors:-error of total omission-if an entry is totally omitted from the journals then the trial balance will not show any discrepancy.-error of commision-if an account is debited instead of being credited and then the another account which completes the double entry is credited instead of it being debited then the the discrepancy will not be noticed.

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