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B . ?The trial balance of THOMAS SANKARA failed to agree. The difference of $ 4 6 0 ?was placed in the debit side of
B ?The trial balance of THOMAS SANKARA failed to agree. The difference of $ ?was placed in the debit side of the suspense account. The following errors were detected:
i ?A sum of ?representing credit sales to a customer was posted to the credit side of his account.
ii ?A cheque for $ ?paid into the bank was later dishonoured but the customer's account was debited with only
iii. The purchase day book was overcast by
iv ?Debit side of a su:pplier's account was overcast by $
v ?The return inwards entry of ?was omitted in customer's account.
vi ?Discount allowed was overcast by
vii. Credit sales of two machines at $ ?each was entered into sales day book.
viii. The profit and loss account for the year ended ?Dec ?disclosed the net profit of prop
You are required:
A ?Pass journal entries to rectify the errors
B ?Show the suspense account
C ?Prepare a statement showing the adjusted net profit
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