Question $3$

$[30$ Marks$]$

Texas Instruments Traders prepared the following trial balance as at December $31,2024$:

$\backslash$table$[[$Account$,$Debit $($R$),$Credit $($R$)],[$Bank$,72000,],[$Capital$,,100000],[$Sales$,,77600],[$Purchases$,84000,],[$Rent Expense,$14400,],[$Accounts Receivable,$48000,],[$Accounts Payable,,$60000],[$Utilities Expense,$9600,]]$

Additional information:

Upon review, the following errors and omissions were identified.

A credit sale of R $24000$ was mistakenly recorded as a cash sale.

Inventory returned by a customer worth R$7200$ was not recorded in the books.

Rent for December R$3600$ was paid in cash but omitted from the trial balance.

A purchase of R$12000$ made on credit was recorded in the purchase account but not in accounts payable.

A cash payment of R$6000$ to accounts payable was not recorded.

A sales transaction of R$9600$ was posted twice in the sales account.

Required.

a$)$ Explain the main types of errors that both affect and do not affect trial balance from balancing.

$(10$ marks$)$

b$)$ Prepare the corrected trial balance for Texas Instruments Traders as at December $31,2025.$

$(20$ marks$)$