What will be the effect on trial balance if Rs. 2,000 received as rent and correctly entered in the cash book is not posted to rent account ?
Debit side of trial balance will exceed by Rs. 2,000.
What will be the effect on trial balance if purchases return of Rs. 10,000 has been wrongly posted to the debit of sales return account but correctly entered in the customers account ?
Purchased goods of Rs. 2,400 from Simran and is correctly entered in the purchases book but posted to the credit of her account in the ledger as Rs. 3,400. Will this error create a difference in the trial balance or not?