The Total of Sales Book was not posted to the ledger at all. This error-

is an error of complete omission

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will not affect the trial balance

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will not affect the profit

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none of these

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Solution

The correct option is B none of these
When the total sales book is not posted to the ledger at all, this is an error of partial error. Trial balance is prepared from the balances of the ledger accounts. This error will affect the trial balance because sales account ledger always has a credit balance and a missing balance will lead to unstable balance. Here the debit balance of the trial balance will exceed the credit balance because of the missing credit balance of sales account.
This will affect the profit of the year because sales account balance is transferred to the credit of trading account which affects the profit. Missing sales account balance decreases the profit of the year.

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Similar questions

Q. Which of the following statements is/are true?
(i) An error in casting the subsidiary books is an error of commission.
(ii) An error in wrong casting of the sales day book will not affect the personal accounts of debtors.
(iii) Mistake in transferring the balance of an account to the trial balance will not affect the agreement of the trial balance.
(iv) The mistake of treating a liability as an income or vice versa will not affect the agreement of a trial balance.
The correct answer is -

Trial balance of Radhika did not agree. Radhika put the difference to suspense account. subsequently she located the following errors.

1) Furniture purchased for Rs 6,000 was posted to purchases account as Rs 600.
2) Repairs to Machinerry Rs 500 were debited to Machinery account.
3) Wages paid for installation of Machinery Rs 750 was posted to wages account.
4) Purchased material Rs 8,000 and wages Rs 2,000 were used for construction of building not recorded in the books.
5) Total of sales returns book Rs 2,000 was not posted to the ledger.
6) Old Furniture sold to Dinesh at its book value of Rs 2,500 was recorded through sales book.

Q. Trial Balance of Anuj did not agree. It showed an excess credit of ₹ 6,000. He put the difference to Suspense Account. He discovered the following errors.
(a) Cash received from Ravish ₹ 8,000 posted to his account as ₹ 6,000.
(b) Returns Inwards book overcast by ₹ 1,000.
(c) Total of Sales Book ₹ 10,000 was not posted to Sales Account.
(d) Credit purchases from Nanak ₹ 7,000 were recorded in Sales Book. However, Nanak's Account was correctly credited.
(e) Machinery purchased for ₹ 10,000 was posted to Purchases Account as ₹ 5,000. Rectify the errors and prepare Suspense Account.

Q. If there is an error in trial balance which is not affecting its total, will it affect any accounting procedure?

Q. Which of the following errors will not affect the Trial Balance ?

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