and placed the difference on a suspense account. Other final accounts prepared showed a profit 4 Share + 142% 9:17 AM 8/25/2020 - 2 -- Sign in TT Equation 2 Symbol - Symbols - set as at 31st December, 1998. 2 - 3 A - PO 0 13. The accountant of Ashodi Enterprises prepared a balance sheet which did not agree Text Box Header Page Number Footer Header & Footer come Comment Comments of Le782,000 for the year. A careful examination of the books by an auditor revealed that: a. A credit sale to Sako Lid for Lel80,000 was entered in the sales ledger only. b. Bank charges and trade subscriptions amounting to Le10,000 and Le%,000 repectively shown on the bank statement have not been recorded in the cash book. c. Purchases of goods from Shada Ltd for L. 210,000 was not entered in the purchases ledger d. A discount of Le191,000 received from a supplier was entered as Le 19,000 in the books. e. The sale of a fixed asset with a net book value of Le246,000 for Le258,000 was omitted from the books. The only entry made was a credit of the sales proceeds to the sales account the cost of the assets in question was L-290,000. f. The general expenses account was understated by Le139,000 and the rates account over Tell me what you want to do accting - Word Bookmark Links C. Cross-reference Link de Media 3 View Review My Add-ins - Wikipedia Add-ins Get Add-ins References Mailings Shapes 6+ Screenshot Layout SmartArt llustrations il Chart Design Pictures cast by L.e213,000. 8. An increase in the bad debts provision of Le43,000 was credited to the profit and loss account h. A cheque of Le160,000 was received in respect of rent for the last quarter. This amount was correctly entered in the cash book but was debited to the rent account. i. The closing stock was overcast by Le58.000. j. A payment by cash of Le28,000 for electricity was not entered in the books. k. Cheques totalling Le60,000 and Le76,000 issued to suppliers and received froua customers respectively were only entered in the cash book. You are required to prepare (1). Journal entries to correct the errors; (ii). A statement showing the correct not profit or loss for the period. (WAEC GCE 'A' LEVEL Nov. 1996 Q6) insert di Table ables Search Windows Home Cover Page Blank Page Page Break 5 1111 Page 4 of 6 words Pages File H