Rajesh Kumar was unable to reconcile his Trial Balance as on 31st March 2024 and has opened a suspense account from the difference. Later on the following errors were discovered

Rajesh Kumar was unable to reconcile his Trial Balance as on 31st March 2024 and has opened a suspense account from the difference. Later on the following errors were discovered:-

(1) There were three compensating errors:-

(a) The total of Sales Return Book was overcast by ₹ 100.

(b) The total of one page of the Purchase Book was carried forward as ₹ 1,286 instead of ₹ 1,826.

(c) Goods purchased from C for ₹ 400 was debited to his account as ₹ 40.

(2) ₹ 425 paid for wages to workmen for making office table were debited to wages account.

(3) Rent paid ₹ 1,500 were posted to the credit of Rent account as ₹ 150.

(4) Cash received from Ghanshaym ₹ 500 were correctly recorded in cash book but were posted to his account as ₹ 50.

(5) ₹ 720 paid to Kamal has been debited to Kamlesh A/c as ₹ 520.

(6) The total of Purchase Return Book ₹ 2,500 was left unposted.

Pass rectifying entries and prepare Suspense A/c.

[Ans. Opening Cr. balance of Suspense A/c ₹ 1,100. Total of Suspense A/c ₹ 2,950.]

Solution:-