Suspense Account amount | Reliable Papers

Ravi Shastri could not agree the Trial Balance. He transferred to the Suspense Account amount of ~ 296, being excess of the debit side total. The following errors were subsequently discovered: (i) Sales Book was overcast by ~ 300; (ii) Purchase of furniture for ~ 615 passed through Purchase Book; (iii) An amount of ~ 55 received from Yograj Singh was posted to his account as ~ 550; (iv) Purchase Return Book total on a folio was carried forward as ~ 221 instead of ~ 112; (v) A cash sale of ~ 1,235 duly entered in the Cash Book but posted to Sales Account as ~ 235; and (vi) Rest of the difference was due to incorrect total in the Salaries Account in the Ledger. Give journal entries to rectify the above and prepare Suspense Account.

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