The books of Ramesh did not agree. The difference of ₹ 12,700 in trial balance was placed to the debit of suspense account. Subsequently, the following errors were located. Pass journal entries to rectify the errors and prepare the suspense account:

The books of Ramesh did not agree. The difference of ₹ 12,700 in trial balance was placed to the debit of suspense account. Subsequently, the following errors were located. Pass journal entries to rectify the errors and prepare the suspense account:

(i) The total of the purchases returns book, ₹ 2,100 has not been posted.

(ii) A Sale of ₹ 4,300 to Ram has been credited to his account as ₹ 3,400.

(iii) A purchase from Suresh for ₹ 4,000 has been entered in the sales book. However, Suresh has been correctly credited with ₹ 4,000.

(iv) Old furniture sold on credit for ₹ 5,400 has been recorded in the sales account as ₹ 4,500.

(v) Goods taken away by Ramesh, the proprietor for his personal use worth ₹ 750 has not been recorded in the books of accounts at all.

[Ans. Suspense A/c tallies; total of Suspense A/c ₹ 15,700.]