Question

Which of the following errors will affect the Trial Balance? 

i. The total of the Sales Book has not been posted to the Sales Account. 

ii. Rs.1,000 paid as installation charges of a new machine has been debited to Repairs Account. 

iii. Goods costing Rs.4,000 taken by the proprietor for personal use have been debited to Debtor’s Account. 

iv. Rs.1,000 paid for repairs to building have been debited to Building Account. 

[The total of the Sales Book has not been posted to Sales Account will affect the Trial Balance.]

Answer 1

Total of Sales book has not been posted to Sales Account will affect the Trial Balance because due to undercast of Sales Accounts results in undercasting of credit side of the Trial Balance.