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3 The trial balance of Akintola failed to agree, the difference of N23.000 way of the suspensa account. The following errors we detect vi) A
3 The trial balance of Akintola failed to agree, the difference of N23.000 way of the suspensa account. The following errors we detect vi) A sum of N25.000 representing credit sules to a customer was posted to the med side of his account. A cheque for N12.500 paid to the bank was later dishumoured but the customers account was debited with only N1.250. The purchase day book was overcast by N7,500 iv) account was overcast by N25,000 The debit side of a suppliers A credit sales of two machines at The returns inwards entry of N3750 was omitted in the customer account Discount allowed was overcast by N2000. vii) N10.000 each was entered in the sales day book. Required a) Correct the errors by means of the journal. b) Show the suspense account duly disclosed. c) State and explain five errors which do not affect the agreement of the trial balance
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