QUESTION THREE

The trial balance of OMEGA HOUR failed to agree. The difference of GH $1,380$ was placed in the debit side of the suspense account. The following errors were detected:

i$.$ A sum of $GH!1,500$ representing credit sales to a customer was posted to the credit side of his account.

ii$.$ A cheque for GH&$750$ paid into the bank was later dishonoured but the customer's account was debited with only GH$75.$

iii. The purchase day book was overcast by GH$450.$

iv$.$ Debit side of a supplier's account was overcast by GH$1,500.$

v$.$ The return inwards entry of GH$225$ was omitted in customer's account.

vi$.$ Discount allowed was overcast by $GH!120.$

vii. Credit sales of two machines at GH$600$ each was entered into sales day book.

$$ Recitify the errors

$$ construct a suspense account