Question - 26

An accountant  of patni Bros. found a difference of Rs. 2,500 which he debited in suspense A/c for preparing final account. But afterwards following errors were discovered.
  1. The total of sales book was undercasted by Rs. 500.
  2. Rs. 1,000 received from Ashok but Rs. 100 only posted in credit side of his A/c.
  3. Purchase of Rs. 750 was wrongly written as Rs. 250 in purchase A/c.
  4. Rs. 3,400 paid for interest is not posted in interest A/c.
Rectify the above errors and prepare a suspencse A/c and show its effect in final A/c of the business.