Its often used as a quick way to find an error, using a maths angle. Transposition errors are ALWAYS divisible by 9. So I always tell people to rule that kind of error out by seeing if it is divisible by 9 (and your answer is always a round number)
Work out the error/difference in your Trial balance and if the number divides by 9 then you need to look for you having written the number the wrong way round.
eg you write the number 72 instead of 27, or vice versa! Difference is 45. 45 can be divided by 9.
If it cant be divided by 9, then it must be some other kind of error.
__________________
Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
In http://forum.bookkeepers.network/t62854591/trial-and-error-transactions-outstanding/ Rafal posted about an exercise that didn't entirely make sense - and it turned out there was a "printing error".
And in the screen grab posted above there's the sentence:
"For example, if cash paid to a supplier of 2,140 was posted as 2,410 then the correcting entry of 270 would be."
I guess that's a "printing error" as well.
Printing error, in these cases, would appear to be the lack of any checking and proof-reading by the people writing this stuff - which is bad enough in general, but a whole lot worse when people (such as Rafal, obviously) are trying to learn from it.
For those who can't see what's wrong with the above sentence, it's the last bit - think of everything after the word "then" as a sentence on its own:
"The correcting entry of 270 would be"
And then think Yoda.
__________________
Vince M Hudd - Soft Rock Software
(I only came here looking for fellow apiarists...)
In http://forum.bookkeepers.network/t62854591/trial-and-error-transactions-outstanding/ Rafal posted about an exercise that didn't entirely make sense - and it turned out there was a "printing error".
And in the screen grab posted above there's the sentence:
"For example, if cash paid to a supplier of 2,140 was posted as 2,410 then the correcting entry of 270 would be."
I guess that's a "printing error" as well.
Printing error, in these cases, would appear to be the lack of any checking and proof-reading by the people writing this stuff - which is bad enough in general, but a whole lot worse when people (such as Rafal, obviously) are trying to learn from it.
For those who can't see what's wrong with the above sentence, it's the last bit - think of everything after the word "then" as a sentence on its own:
"The correcting entry of 270 would be"
And then think Yoda.
thanks for reply Vince. Yes it is printing error but it is easy to spot it so that you ignore it immediately and concentrate on error free stuff. This printing error here doesn't confuse you that much fortunately.
