compensating error


compensating error
An error that is not revealed in a trial balance because one error is cancelled out by another error or errors.

Accounting dictionary. 2014.

Look at other dictionaries:

  • compensating error — ➔ error * * * compensating error UK US noun [C] ACCOUNTING ► a mistake when calculating or recording accounts that is equal in amount to an opposite mistake so that neither affects the final total …   Financial and business terms

  • compensating error — A *compensating balance (definition 2) that consists of two errors. A compensating error neutralizes the effects of another error. Items of this nature are frequently undetected in *trial balances …   Auditor's dictionary

  • error — er‧ror [ˈerə ǁ ˈerər] noun [countable] 1. a mistake: • The confusion was the result of a computer error. • The company has made some strategic errors. ˈcompensating ˌerror ACCOUNTING a mistake in keeping accounts that is hard to find because it… …   Financial and business terms

  • Error amplifier (electronics) — An error amplifier is most commonly encountered in feedback unidirectional voltage control circuits where the sampled output voltage of the circuit under control is fed back and compared to a stable reference voltage. Any difference between the… …   Wikipedia

  • acceleration error — i. An error in magnetic compasses caused by acceleration forces acting on the dip compensating weight when an aircraft is flying in an east west direction. In the Northern Hemisphere, when the aircraft accelerates in an east west direction the… …   Aviation dictionary

  • installation error — An error in pressure instruments like the ASI (air speed indicator) and the altimeter caused by false static pressure in the immediate vicinity of an aircraft in flight. The error is corrected by the design of compensating pitot tubes or by… …   Aviation dictionary

  • R. D. Wingfield — Infobox Writer name = R. D. Wingfield caption = birthdate = birth date|1928|6|6|df=yes birthplace = Hackney, London, England deathdate = death date and age|2007|7|31|1928|6|6|df=yes deathplace = occupation = author, playwright genre = Crime… …   Wikipedia

  • Balance wheel — in a cheap 1950s alarm clock, the Apollo, by Lux Mfg. Co. showing the balance spring (1) and regulator (2) …   Wikipedia

  • Intermittent power source — [ Erie Shores Wind Farm monthly output over a two year period] An intermittent power source is a source of electric power generation that may be uncontrollably variable or more intermittent than conventional power sources, and therefore non… …   Wikipedia

  • Probabilism — • The moral system which holds that, when there is question solely of the lawfulness or unlawfulness of an action, it is permissible to follow a solidly probable opinion in favour of liberty even though the opposing view is more probable.… …   Catholic encyclopedia