PreQ Accounting - CROPOC errors

What to do when your Trial balance is wrong: 1. Panik

C in Cropoc stands for

Error of Commission

R in cRopoc stands for

Error of Reversal

O in crOpoc

Error of omission

P in croPoc

Error of Principle

O in cropOc

Error of Original entry

C in cropoC

Error of Complete reversal

Error of Commission definition

Amount is correct but entered in the wrong account

Error of reversal definition

Amount is corrected but entered to the wrong side of the account

Error of omission definition

Transaction completely left out

Error of principle definition

Item is entered in the wrong class of the account.

Error of original entry

Amount is incorrect on all accounts

Compensating error

When errors cancel each other out