Correction of Errors and the Suspense Account | Explained with Examples

[@Priceeyboy]

Studying AAT level 2 and had been struggling on suspense accounts. This video made everything easier to understand than my study text thanks.

[@pearly__]

I'm speechless. I've been having problems on suspense accounts for as long as I can remember. Just watching your video made it so much easier. Thank you so much 💞💞 I really appreciate thisss 🥺🥺 I'm definitely going to watch all your videos
Love from Nigeria

[@AllieCarter2514]

Thanks for the clear explanation! I had not heard these terms before watching this and now I feel much more confident for my bookkeeping class.

[@AlekuruBrenda]

OMG thank you sir, i have managed to balance my suspense Alc, Im really so happy thank you so much

[@zahaamuhamad]

Brother i have firstly watched this video early this year but it was a dissapointment. And after wasting time of watching other teaching videos of this Topic i also failed and also my teacher can't explain it they way I can understand, so i gave up upon this Topic, but after realizing that it can appear to our exam i decided to see your video for other time which is today, and I am very happy that i was able to balance the suspense account at last which is a very good Progress for me, THANK YOU VERY MUCH AND I PROMISE TO SHARE THIS TO ALL THE STUDENTS.... ( for other people( " you cannot catch up something at the same time, you take time, but concentration and your hard work makes perfect") ❤

[@NoreenFazal-w2d]

For those who are still confused on when to credit and debit the suspense account, let me tell you in simple terms. Basically you credit a suspense account when you aren't 100% sure that where the value has gone, and you debit the other affected account. And once you are sure where the value has gone, for example by asking your boss, you debit the suspense account and you credit the affected account. You are Welcome 😊

[@dreamers_78]

Thank you

[@leahmmoya3865]

Thank you so much, please do examples of correcting errors and suspense account using the pre and post-trial balances without additional transactions.🙏

[@gaonekemane2957]

Thank you so much for simplifying, writting my exam in 2 days🎉

[@Counttuts]

Glad it was helpful!

[@AnasFahadNiazi]

thank you soo much for the video. This came very useful. I genuinely cannot express my gratitude.

[@toheebdaramola5634]

after going through so many videos and not understanding suspense accounts this really explained and showed me how to pass my exams thanks alot

[@lovedaychichi3525]

Thanks for the clear explanation of this topic

[@MosesMaholDotRing]

Thanks you so much, you have helped many people who have desire to be an expert Accountant.

[@faithyjacobson]

Finally understood this
Thank you so much.....

[@thetoblackrose]

This was so helpful. Thank you so much

[@rere4223]

This is very informative and well detailed explanation. Thank you!! Blessings🙏

[@abelmushili3083]

Well articulated sir❤

[@Lily-kq4wi]

amazing explanation. ❤ thank u so much

[@MagiboCalvin]

Thanks very much for simple explanation

[@dorothyorisakwe]

Thanks for your well explanations. I will appreciate if the topics followed accordingly.
I was expecting the follow up on accounting for beginners number 6 or is the suspense account the next? Thanks

[@hartosutomo1548]

Thank you so much!

[@awebwasheila1594]

thanks good teacher... i've really understood this

[@charton2752]

Thanks for The lessons really helpful
And kindly asking if you have lessons on Bank reconciliations and statements of cash flows

[@awebwasheila1594]

for real.. i need it too

[@LisaNjeri-d6x]

Thanks alot came through

[@mwesigwayobu9163]

Thank you so much 🙏

[@princeblac]

anx for clear explainations

[@GraceEhizojie]

Great video sir. But how do i solve when the questions have depreciation?

[@hillarywenyimo21]

Thanks bro it was really helpful

[@Landoz19]

thank you,well explained

[@ntokozomavhankeni4029]

Always helpful

[@tumeloramohlabi4849]

Does opening invertory and closing inventory affect profit and how

[@AmumpiireIsaac]

Thanks so much❤

[@masikadianah8626]

Thank you ❤

[@lavender-ib3sw]

Thank u so much so happy rn alhamdhulilahi

[@3x087]

🎉🎉🎉thank you so much. That is very great Video,I completely understand now

[@niloyghosh6495]

Sir if cash sales is overcasted in cash book than it will not affect the trial balance right? As cash sales are recorded in sales account from cash book. So if cash book is wrong than sales account is also wrong leading the trial balance to match?

[@amonivihinda9261]

Thanks a lot. ❤

[@AliethFortidas-yw1ym]

Thanks ❤

[@Derea-Edina]

Woooiw thank you

[@arituquah9397]

Great video. Thanks

[@tatendamawoneke9707]

thank you

[@MwanjaDaka-t9c]

Am able to understand

[@AndrewMabvura]

But why are you doubling the amount to correct an error which concern with banks only?

[@shadiahnamugerwa4472]

Thanks 😊 🫂 🙏 😊

[@VeronicaKaluwin]

Short replenish of Petty cash

[@Mgtv832]

❤😢😮😅😂😊

[@kameelahsanni8702]

Alhamdulilah 🥹 i got itttt
Alhamdulilah

[@zahaamuhamad]

Thank you very much ❤❤❤