N Accountant, while balancing his books found that there was a difference of₹ 8,595 in the TrialBalance. Being required to prepare the final accounts, he placedthis difference to a newIy Opened Suspense Account which was carried forward to the next year, when the following errors were discovered:-(a) Goods bought from a merchant for ₹ 550 had been posted to the credit of his account as ₹ 5,500.(b) An item of ₹ 1,062 entered in the Sales Return Book had been posted to the debit of the customer who returned the goods. (c) Sundry items of plant sold for ₹ 26,000 had been entered in the Sales Book, the total of which book had been posted to Sales Account.(d) ₹ 6,000 owing by a customer had been omitted from the schedule of Sundry Debtors.(e) ₹ 231 discount received from a creditor had been duly entered in his account but not posted to Discount Received Account.Give Journal entries necessary to correct these errors and prepare the Suspense Account. Also prepare the Profit and Loss Adjustment Account​