A book-keeper could not tally the Trial Balance. The difference of Rs 1,040 was temporarily placed to the credit of Suspense Account and subsequently the following errors have been detected.
- A sale of Rs 1,000 to Shankar has been entered in the Purchase Book.
- The total of Purchase Book was short by Rs 1,200.
- The total of the “Discount column” on the debit side of the Cash Book Rs 300 was omitted to be posted in the ledger.
- The total of the “Discount column” on the credit side of the Cash Book of Rs 460 was not posted in the ledger.
- A sale of Rs 6,390 was entered in the Sales Book as Rs 6,990.
You are required to rectify the errors through Suspense Account. Give rectifying entries also.