The accountant of a firm finds that the Trial Balance as on 31st March, 2019 is out by an excess debit of Rs. 283. He placed the amount in the Suspense Account. In the first week of April, 2019, he discovered the following errors. Pass the Journal entries necessary to rectify these errors and show the Suspense Account as it would appear at the end of the week. Have you any comment to make?
(i) Cash paid to Amar Nath, Rs. 75, was posted to the credit of Amar Singh's Account as Rs. 57.
(ii) Discount allowed by Brijesh of Rs. 5 was not entered in the Cash Book but Brijesh stands debited correctly.
(iii) No entry was made for goods worth Rs. 40 taken away by proprietor for personal use.
(iv) Rs. 500 received from Jhaveri Bros. for interest on loan advanced to them were recorded in the Cash Book. But the entry was not posted in the Ledger.
(v) The total of Returns Outward Book was short by Rs. 100.
[Hint: At the end of the week, the Suspense Account will be showing a debit balance of Rs. 190. It means that there are still some errors left undetected.]