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List the error and define the Trial Balance error 1. 562 has been entered in the ledger accounts as 265 2. Purchases of goods for
List the error and define the Trial Balance error 1. 562 has been entered in the ledger accounts as 265 2. Purchases of goods for resale was entered into a fixed asset account 3. Completely omitted from the books is a payment of Motor expenses by cheque 105 4. Sale of goods for 412 to P Smith had been entered in S Smith's account. 5. Cash withdrawn from bank was debited to bank and credited to cash. 6. Motor Repairs expense of 500 posted in Motor Car Account 7. 250 paid to C Geer was recorded in C Green's Account 8. A rent bill of 1,200 has been debited to the rent account as 1,400 and a casting error on the sales account resulted in sales being overstated by 200
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