Q. 18. A book-keeper finds that the debit side of the trial balance is short of ₹308 and so for the time being, he balances the side by putting the difference to suspense account. Subsequently the following errors were disclosed : (a) An entry for sale of goods for ₹102 to Madhav was posted to his account as 120. (b) 100 being the discount allowed to customers were credited to discount received account in the ledger. (c) *275 paid by Madhav were credited to Jadav's account. (d) 26 appearing in the cash book as paid for the purchase of stationery for office use have not been posted to ledger. (e) The debit side of purchases account was undercast by 100. You are required to make the necessary journal entries and the suspense account.
