Question

Which type of error affects only one side (debit or credit) of a single account and usually causes a difference in the trial balance?

Options

• Compensating Error

• Two-sided Error

• One-sided Error

• Error of Principle

Answer 1

One-sided Error

Explanation: 

One-sided errors impact only one account, often resulting in the trial balance not tallying. These are corrected through suspense accounts if detected after the trial balance.