a) Explain how a suspense account can be used as part of the book-keeping b) 100,000 error correction process. (4 marks) The following are extracted balances from Harbhajan's business accounts along with other information relating to the business's year end on 30 April 2017. For some reason, the figure for Capital at the beginning of the year has not been supplied, although you have been given the year end net profit figure: capital as at 1 May 2016 Machinery at cost Sales Revenue Motor Vehicles at cost Purchases Trade Receivables Trade Payables Accumulated [provision for] depreciation: Machinery HM Revenue and Customs: VAT (owing) Net Profit as at 30 April 2017 Accumulated [provision for] depreciation: Motor Vehicles Water and Utilities Inventory as at 1 May 2016 Wages and Salaries Rent Bank (in funds) Purchases Returns Business Rates Bad Debts written off Sales Returns Discounts Allowed Cash in Hand Drawings Discounts Received unknown 59,000 50,000 25,000 13,500 12,500 10,000 7,750 7,105 5,000 4,500 3,500 3,500 3,000 1,800 1,355 1,250 1,150 1,250 950 760 750 550