The accountant of X prepared the Trial Balance at the end of the year on 31st March, 2024. But there was a difference and the accountant put the difference in a Suspense Account. Rectify the following errors found and prepare the Suspense Account:

The accountant of X prepared the Trial Balance at the end of the year on 31st March, 2024. But there was a difference and the accountant put the difference in a Suspense Account. Rectify the following errors found and prepare the Suspense Account:

(a) The total of the returns outward book ₹ 420 has not been posted in the ledger.

(b) A purchase of ₹ 350 from Y has been entered in the sales book. However, Y’s Account has been correctly entered.

(c) A sale of ₹ 390 to X has been credited to his account ₹ 290.

(d) old furniture sold for ₹ 5,400 had been posted as ₹ 4,500 in Sales Account.

(e) Goods taken by the proprietor ₹ 500 have not been entered in the book as all.

[Ans. Opening Dr. Balance of Suspense A/c ₹ 60; Total of Suspense A/c ₹ 1,380.]