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What is the net effect of the under mentioned errors on the trial balance of a firm? 1. Total of sales was taken as P58,726
What is the net effect of the under mentioned errors on the trial balance of a firm?
1. Total of sales was taken as P58,726 instead of P58,762.
2. A discount of P52 allowed to Mr. X was not posted in the discount account.
3. Sale of old furniture of P130 was credited to machinery account.
4. A credit sale for P250 to Mr. Y was posted twice in his account.
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