Question

A book-keeper failed to balance his Trial Balance, the credit side exceeding the debit side by * 250
This amount was entered in a Suspense Account. Later on the under mentioned errors were discovered
Give journal entries to rectify these errors and prepare the Suspense Account.
1. Goods amounting to ₹ 620 sold to Ramesh & Co. were correctly entered in the Sales Book, biu
posted to the Company's A/c as ₹ 260.
2. Goods amounting to * 75 were sold to Mohan for cash. It was correctly recorded in the Cash Book but was wrongly posted to Mohan's A/c also,
3. A credit balance of ₹755 of Rent Received account was shown as₹570.
4. The total of Returns Outward Book amounting to * 200 was not posted to the ledger.
5. Goods worth Rs.100 were purchased from prakash but the amount was entered in the sales Book. The account of Prakash was correctly credited.
6. Sales Book was undercasted by Rs. 100.
7. The total of the credit side of sohan's account was overcasted by Rs. 100.​

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