Transposition error
In accounting, transposition error means two digits swapped when an amount is keyed — 54 entered as 45. The trial balance goes out by a difference that is always divisible by nine, which is how it is found.
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Not a rule
Bookkeeping convention — not codified. US GAAP governs recognition, measurement and presentation — not the mechanics a bookkeeper uses to get there. Anyone citing a standard for this word is citing the wrong thing.
Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.
What it is not called
Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.
- typo
- rounding difference
Components that render the terms it depends on
No component names this concept outright. Its definition is built out of terms that are named. These render trial balance.
6Statements
Family spec9Accounting core (GL)
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Terms this one depends on
Also in Core ledger
Defined in Lexicon. This page is generated from that document, so the two cannot disagree.