Book-keeper failed to balance his trial balance, the credit side exceeding the debit side by 175. This
amount was entered in a Suspense Account.
Later on the under mentioned errors were discovered:
1. Goods amounting to 620 sold to D & Co. were correctly entered in the Sales book, but posted to the
Company's A/c as 260.
2. A credit balance of 755 of Rent Received account was shown as 570.
3. The total of Returns Outwards Book amounting to 200 was not posted to the Ledger
4. Goods worth 100 were purchased from Prakash but the amount was entered in the Sales Book. The
account of Prakash was correctly credited
5. Sales Book was undercast by 100.
6. The total of the credit side of Sohan's account was overcast by 100.
Give journal entries to rectify these errors and prepare the Suspense Account.