Mention the type of error involved in the transactions and its impact on the agreement of Trial Balance.
- The Sales Book is cast short by Rs 6,000.
- The Sales Returns Book is overcast by Rs 3,000.
- The Purchase Book is overcast by Rs 2,500.
- The Purchases Return Book is overcast by Rs 1,600.
- Goods returned by Sharma for Rs 2,200 were not entered.
- Goods sold to Raj for Rs 7,000 has been debited to Ravi A/c.
- Credit sale of Rs 11,000 to Gupta was entered as Rs 10,100.
- A purchase of machine has been passed through the Purchases Book.
- A credit purchase from Renu for Rs 25,000 was debited to Venu A/c from Purchases book.
- Cash received for commission Rs 1,008 was posted to Commission Account as Rs 1,080.
- The monthly discount column on the debit side of the Cash Book Rs 3,000 was credited to Discount Allowed Account.
- Depreciation on machinery Rs 1,000 is not posted to Depreciation Account.
- Life Insurance Premium Rs 2,640 paid on behalf of the proprietor by a cheque was debited to General Expenses A/c.
- The total of the discount column in the Cash Book on the debit side was Rs 2,302 on page 56, which was carried forward to the page 57 as Rs 2,032.
- An amount of Rs 1,600 received from Shweta was entered in the credit side of her account.