CORRECTION OF ERRORS AND THE SUSPENSE ACCOUNT (PART 1)

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  • เผยแพร่เมื่อ 2 ม.ค. 2025

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  • @FOGAccountancyTutorials
    @FOGAccountancyTutorials  3 ปีที่แล้ว +85

    New WhatsApp Number below 👇🏻
    +233596316536
    Thanks 🙏🏽

    • @richmonddjagbo1121
      @richmonddjagbo1121 2 ปีที่แล้ว +5

      Alright sir, thanks

    • @gaimambiran3088
      @gaimambiran3088 2 ปีที่แล้ว +1

      thanks

    • @mr.jerrybriggs8208
      @mr.jerrybriggs8208 2 ปีที่แล้ว +1

      Excellent 👌

    • @beopentospeak
      @beopentospeak 2 ปีที่แล้ว

      Can send you some questions via WhatsApp if you you can do it for me.thanks

    • @nkemgift8387
      @nkemgift8387 2 ปีที่แล้ว +1

      Sir do u have WhatsApp group for accounting?

  • @abdulnuuru4690
    @abdulnuuru4690 2 ปีที่แล้ว +63

    I don’t even learn from my textbook anymore to do revision. I just follow your videos. So perfect. Respect ✊🏼

  • @SenaBenton
    @SenaBenton 3 ปีที่แล้ว +18

    God bless you so much🙏🏾. It's because of ppl like you that accountants are made. Thanks a lot

  • @sanyuamabel8575
    @sanyuamabel8575 3 ปีที่แล้ว +16

    This is a very detailed explanation. Thanks

  • @mulengaphiri105
    @mulengaphiri105 2 ปีที่แล้ว +18

    After coming across your videos i had to start from the basic and i have learned alot. You have really helped me and i believe i will become good at accounts because of you. God bless you sir

  • @choirofangels6228
    @choirofangels6228 3 ปีที่แล้ว +19

    wow,I really have improved in accounting from watching your tutorials. Thank you!

  • @nakajjejuliet
    @nakajjejuliet ปีที่แล้ว +3

    Your explanation is the best ❤, thank you so much

  • @EmmaWonyoto
    @EmmaWonyoto 2 หลายเดือนก่อน +1

    Hello Mr Gyebu am Emma from uganda doing bachelor of accounting but I thank God because your videos have indeed made great work in me.Thank you and may God bless you

  • @ambangmongo2888
    @ambangmongo2888 2 ปีที่แล้ว +13

    Sar you have done a perfect job, I like the fact that you gave the basic of it before going forward. The educational sector need more teachers like you, thank you for impacting us with knowledge.

  • @itumelengleferefere8684
    @itumelengleferefere8684 หลายเดือนก่อน

    Glad I found you sir, I am writing financial accounting tomorrow the 2nd of December 2024 and this is all the revision I needed thank you

  • @chireneo2348
    @chireneo2348 4 ปีที่แล้ว +25

    thanks very much sir.with the help of your lessons, am gradually understanding Accounting errors

  • @lucaslamptey4478
    @lucaslamptey4478 2 ปีที่แล้ว +3

    I have to say big thanks
    And I’m proud of what you’re doing ..Ghana to the world 🇬🇭🇬🇭🇬🇭🇬🇭🇬🇭

  • @sharonasasira6652
    @sharonasasira6652 2 ปีที่แล้ว +7

    This is awesome.Thank you Mr Felix.You are a blessing indeed

  • @chalinguluta8174
    @chalinguluta8174 ปีที่แล้ว +2

    I never really got to understand this topic until a friend of mine recommended this video now not even words can express how greatfull I am thank u so much sir may God richly bless you I don't know how pupil like me can do without teacher like you, you make everything simple and easy to understand 🙏🙏🙏 thank u so much

  • @kabakamusagyaarts2017
    @kabakamusagyaarts2017 2 ปีที่แล้ว +11

    My name is Joseph Honore. I'm Rwandan. What I want to tell you is that thanks 👍. For me there is no accurate reward you can afford from the greatest work you do for this world of business. Only God knows what better reward you deserve. I'm university student in Year I in accounting to having you now for me means to have angel, second brain. Let me call you my father from now. Thanks 👍 so much. 🇬🇳+🇷🇼=Independent Africa giving to better would.

  • @jauharaabduljabbarhassan4503
    @jauharaabduljabbarhassan4503 2 ปีที่แล้ว +4

    You are one of the best teacher's ever

  • @samuelelowisesandy1781
    @samuelelowisesandy1781 2 ปีที่แล้ว +2

    Thank you so much sir. I have been thinking of how to have an understanding on this topic but with your explanation, I have gain a lot. May God Almighty continuing to bless you and your entire family.

  • @DoraDee2000
    @DoraDee2000 3 ปีที่แล้ว +4

    i was really lost before watching this video, you're doing good for the world. thank you so much.

  • @kingbadjeiobeng-fosu6034
    @kingbadjeiobeng-fosu6034 8 หลายเดือนก่อน

    This man is building nations through the accountants he's raising by of his insightful and spectacular videos.

  • @lwandilemsani3049
    @lwandilemsani3049 ปีที่แล้ว +2

    I'm doing my second year and this video just gave me all i need to know, thank you sir plz continue helping others👏👏

  • @michellembai9520
    @michellembai9520 3 ปีที่แล้ว +7

    Perfect. I really appreciate this Sir. Be Blessed..

  • @leroynkang6041
    @leroynkang6041 ปีที่แล้ว +1

    God Bless You Sir. I’m currently in my foundation level and this tutorial saved me.

  • @antwiodurogilbert9143
    @antwiodurogilbert9143 3 ปีที่แล้ว +7

    You’re too good , I appreciate your effort

  • @ErickKanchori
    @ErickKanchori 8 หลายเดือนก่อน

    Be blessed 🙏 sir you are transforming so many students may the good lord award you for the good work keep it❤❤up

  • @josephmweresa4540
    @josephmweresa4540 2 ปีที่แล้ว +1

    Thank you 💖,be blessed and craftened by God his power to continue helping confused students

  • @absalommanfield4713
    @absalommanfield4713 3 ปีที่แล้ว +6

    this was a lovely explanation of errors, well done

  • @EbrimaSowe-vz8gc
    @EbrimaSowe-vz8gc 9 หลายเดือนก่อน

    Thank God of been part of the luckiest people to meet with this excellent man who make me understand this topic (I Mean knowing this topic to my finger tips

  • @jaelapiyo1840
    @jaelapiyo1840 4 ปีที่แล้ว +5

    Very Good explanation sir from Kenya well understood

  • @cheropjacky
    @cheropjacky ปีที่แล้ว

    more summarised ,very understandable, i love your teachings ,thanks alot

  • @kaizat.theophil3529
    @kaizat.theophil3529 2 ปีที่แล้ว +1

    I appreciate the whole things from you Sir... big congrats🙏👏

  • @BlessingAkikor
    @BlessingAkikor 8 หลายเดือนก่อน

    Wow you are the best. I was struggling with this topic but you made it easy for me

  • @namcelebsn9930
    @namcelebsn9930 3 ปีที่แล้ว +1

    I have been struggling with errors for months, I searched on TH-cam for videos,,,but nothing happened,,but when I came to this video,,it really helped me and I passed my exam,,thanks a lot sir ...........

  • @jenniferekwuru9048
    @jenniferekwuru9048 4 หลายเดือนก่อน

    You are doing very great. Please keep it up. These lessons are helpful to a lot of people like me

  • @ayubaisahtv6812
    @ayubaisahtv6812 2 ปีที่แล้ว +1

    what an amazing tutor u are....more blessings

  • @ba-uoromichael6762
    @ba-uoromichael6762 3 ปีที่แล้ว +5

    Thank you sir for your well explanation of errors may God bless

  • @Brunacampanha
    @Brunacampanha หลายเดือนก่อน

    Thanks so much for this video. Your explanations are very clear and soo easy to follow!

  • @MiracleFrank-n2s
    @MiracleFrank-n2s 5 หลายเดือนก่อน

    I love this man lectures your the best sir keep up the work may God bless you🙏

  • @margaretviwiyfenyuy8172
    @margaretviwiyfenyuy8172 3 ปีที่แล้ว +1

    Thanks so much
    I understand this better now
    ✌️✌️✌️ Cameroon

  • @Kombat-rc8cx
    @Kombat-rc8cx ปีที่แล้ว

    I like how u teach keep it up n from u I have learned more God will bless u🤗🤗🤗🤗

  • @richreid1989
    @richreid1989 3 ปีที่แล้ว +4

    Legon students love your videos🤗

  • @johntyabby9199
    @johntyabby9199 3 ปีที่แล้ว +4

    Gud day sir i will appreaciate ur lecture class of accounting u ave been of great help to me in accounting concept

    • @isaacoduro6623
      @isaacoduro6623 2 ปีที่แล้ว

      Is the error of partial reversal not same as error of wrong debit or wrong credit

  • @celineonyinye8834
    @celineonyinye8834 ปีที่แล้ว

    Your tutorial is very easy to understand. Thank you for the good job

  • @abdul-latifabdul-mutalib7258
    @abdul-latifabdul-mutalib7258 2 ปีที่แล้ว +11

    Thank you for your good explanation, but most of the errors that affect the trial balance agreement, will not happen in the computerised accounting system

  • @LoroEmmanuel
    @LoroEmmanuel หลายเดือนก่อน

    Thank you sir ❤❤ for being so helpful to me and the rest🙏🙏🙏

  • @iemberwaribo7465
    @iemberwaribo7465 2 ปีที่แล้ว +3

    Thanks so much for this sir. I really understand it all now🙏😊
    Why didn't my teacher, teach it like this🤦. FOG going places maaaannn!! 🤪

  • @bernardanum5123
    @bernardanum5123 ปีที่แล้ว

    I now understand it better😊😊😊 Thanks Sir 😊❤

  • @MESHACKNGETICH-o6d
    @MESHACKNGETICH-o6d ปีที่แล้ว

    Good work Sir,I have benefited a lot

  • @fatimahjaiteh7340
    @fatimahjaiteh7340 3 ปีที่แล้ว +1

    Just today that I did these topic with my teacher and I came here an fine more thanks sir

  • @nalubowamaureen7192
    @nalubowamaureen7192 2 ปีที่แล้ว

    Thx b to God that I found yr site sir, I am writing in 6 weeks time but am sure that with yr clear explanation I will make it though I still have challenges in adjustments but am trying hard to understand in this remaining time. May God b with u sir.

    • @FOGAccountancyTutorials
      @FOGAccountancyTutorials  2 ปีที่แล้ว +1

      Check out my video on Adjustments
      th-cam.com/video/v7QeBm_t_ZA/w-d-xo.html

  • @Triplex_sneako0
    @Triplex_sneako0 11 หลายเดือนก่อน +1

    😢nahh bro god 🙏 almighty will bless u inshallah 🙏 I thank u very much

  • @AbayomiAzeez-up1ws
    @AbayomiAzeez-up1ws 11 หลายเดือนก่อน

    your videos have helped me a lot,thank you sir.

  • @ukamakaokorie38
    @ukamakaokorie38 ปีที่แล้ว

    Thank you for helping very grateful. Your videos are indeed helpful

  • @felixobiero4710
    @felixobiero4710 ปีที่แล้ว

    Thank you very much I got a straight A in my Financial accounting 1 exam.

  • @isaacodiase6408
    @isaacodiase6408 3 ปีที่แล้ว +1

    Really appreciate your tutorials 🇳🇬🇳🇬🇳🇬

  • @sundayalbert214
    @sundayalbert214 5 หลายเดือนก่อน

    This is so understandable. Thanks 👍

  • @HigorUngana-fe9ki
    @HigorUngana-fe9ki 5 หลายเดือนก่อน

    This man is responsible for the slap I received last week from my teacher. God bless you sir. The way I explained this in class my fellow pupils almost chesed the teacher

  • @edwardkuuyuorsornaah263
    @edwardkuuyuorsornaah263 หลายเดือนก่อน

    Great 👍. Super teacher🎉

  • @donaldbrakoh
    @donaldbrakoh ปีที่แล้ว

    Ur videos have really helped me thank you so much

  • @agapenanyangwe2978
    @agapenanyangwe2978 2 ปีที่แล้ว

    Thanks so much this topic has been difficult for me but now have understood

  • @mazubajacks8549
    @mazubajacks8549 2 ปีที่แล้ว

    We need such teachers in the Zambian education sector , keep it up sir

    • @lovedaym_1000
      @lovedaym_1000 2 ปีที่แล้ว

      Yes very much it’s good seeing a friend from Zambia 🇿🇲

  • @pootman7687
    @pootman7687 3 ปีที่แล้ว +2

    Thank you you made me understand the suspence account

  • @dennissinkamba458
    @dennissinkamba458 2 ปีที่แล้ว

    You explained well better than my accounts teacher at school

  • @godwinkasidy5509
    @godwinkasidy5509 3 ปีที่แล้ว +5

    Your lectures have been of great assistance to me. Please post lecture on incomplete record and single entry

  • @namulindwasumaiah9987
    @namulindwasumaiah9987 2 ปีที่แล้ว

    Thank u so much am really understanding the errors that have been disturbing me

  • @mirajiabubakar7635
    @mirajiabubakar7635 3 ปีที่แล้ว +3

    I dont think if errors will going to mix me up..... Thanks 🙏🙏

  • @douglaschemwanyisa1508
    @douglaschemwanyisa1508 9 หลายเดือนก่อน

    Great tutor, much appreciated

  • @michaeldammy1543
    @michaeldammy1543 3 ปีที่แล้ว +3

    You are absolutely good sir....could u pls make a video for payroll account

  • @ShanyMsyoka
    @ShanyMsyoka 6 หลายเดือนก่อน

    From Kenya, thank you so much sir

  • @judithambuli2675
    @judithambuli2675 ปีที่แล้ว

    Teacher number one in Africa

  • @lordaduwenger2940
    @lordaduwenger2940 3 ปีที่แล้ว +1

    You are doing a good job man

  • @sadiyahmohangee2781
    @sadiyahmohangee2781 4 ปีที่แล้ว +5

    Awww i understand errors after watching this 👆❤️

  • @jakapundakhakipapers2571
    @jakapundakhakipapers2571 3 ปีที่แล้ว +1

    we also have arithmetic error, wrong additions of entries on T.B this will make it not balance
    otherwise good tutorials. watching from kenya

  • @josephmanyasi627
    @josephmanyasi627 2 ปีที่แล้ว +1

    You are doing great job sir,be blessed 🙏

  • @kisemeiparteri7290
    @kisemeiparteri7290 2 ปีที่แล้ว +1

    Thanks your lecture really helps

  • @corneliusakapo507
    @corneliusakapo507 8 หลายเดือนก่อน +1

    Well done

  • @abraniajeremani7181
    @abraniajeremani7181 2 ปีที่แล้ว +1

    thank you sir i have learnt a lot

  • @ansumanas.bdanso3954
    @ansumanas.bdanso3954 3 ปีที่แล้ว +3

    you made me to understand this topic thanks alot.

  • @Catherinemwandalima-oj6qh
    @Catherinemwandalima-oj6qh 11 หลายเดือนก่อน

    Well done🔥🔥🔥🔥🔥🔥🔥

  • @aishapatel7364
    @aishapatel7364 ปีที่แล้ว

    Best explanation🥰

  • @istarabdullahi2021
    @istarabdullahi2021 3 ปีที่แล้ว +3

    Sir Thank u so much 💓 plz can u do company 🙏

  • @JohnSuleiman-w7g
    @JohnSuleiman-w7g 10 หลายเดือนก่อน

    Am ejoy ur lecture sir ❤🎉

  • @irenemcharo6406
    @irenemcharo6406 2 ปีที่แล้ว

    Thank you so much
    My paper is tomorrow morning atleast have confidence with suspense

  • @MaryChihana-bv8rh
    @MaryChihana-bv8rh ปีที่แล้ว

    💃💃💃🙏 it has really helped me 🙏

  • @mufazzalbohra6318
    @mufazzalbohra6318 2 หลายเดือนก่อน

    Thank sir u are a good techer

  • @alfredachuo8512
    @alfredachuo8512 ปีที่แล้ว

    I want to assure you I'm watching all the videos to the end if that will make you achieve something. I'm very very grateful.

  • @odhiambomoses3283
    @odhiambomoses3283 3 ปีที่แล้ว +8

    Good day sir. Thanks very much for your lectures. They are of great help and may God abundantly bless you for that. I have a question please. Supposing you operating a business and you allowed your customer a discount of 20,000. Instead of debiting this amount in discount allowed account, you made a mistake and credited this amount in the discount received account. Is this also an error? How do we correct it? And does it affect the agreement of trial balance?

    • @bmgtutorials4873
      @bmgtutorials4873 3 ปีที่แล้ว +1

      Hello please I am just helping you out if you haven't gotten your problem solved.
      Firstly, it is indeed an error
      Secondly it is going to affect the agreement of the trial balance by debit shorting of double of the amount involved ie. 40,000
      To correct this error, you go back and debit the discount received account to cancel off the amount to zero balance, then you now debit it correctly to discount allowed account which initially was supposed to be.

    • @hybridaccounts
      @hybridaccounts 3 ปีที่แล้ว

      And lastly, you credit SUSPENSE ACCOUNT

    • @hybridaccounts
      @hybridaccounts 3 ปีที่แล้ว

      DR Discount received 20,000
      DR Discount allowed 20,000
      CR Suspense. 40,000

  • @tarisaimalezo8205
    @tarisaimalezo8205 3 ปีที่แล้ว +1

    Thank you now understanding errors

  • @JoramUganda-uh8ry
    @JoramUganda-uh8ry 2 หลายเดือนก่อน

    So perfect ,thnx jah bless

  • @sohnabarrow3323
    @sohnabarrow3323 3 ปีที่แล้ว +1

    Thanks you soo much my problem is not about errors if I read the statement I don't know what to debit and what I will really appreciate if you explain that

  • @MariamLadislaus
    @MariamLadislaus ปีที่แล้ว

    Thank you for your help please I need More video

  • @juliaszvarevashe280
    @juliaszvarevashe280 ปีที่แล้ว

    Great work there! Can u do us tutorials for Trust Accounting especially in Real Estate please

  • @tshephangchabaesele7170
    @tshephangchabaesele7170 4 ปีที่แล้ว +4

    thank you soo much ,finally i got the concept!

  • @emmanuelappiahaidoo1399
    @emmanuelappiahaidoo1399 ปีที่แล้ว

    you are amazing sir 🙏

  • @EdudjiElElyon
    @EdudjiElElyon 9 หลายเดือนก่อน

    Good evening sir
    Please God bless you for the great and good work you are doing for us.
    Please with all humility I want to know if the IAS 8 is in now. Thanks

  • @etinosaobasuyi3294
    @etinosaobasuyi3294 4 ปีที่แล้ว +2

    Thanks a lot sir can you make a video on control account

  • @VincentKaris
    @VincentKaris ปีที่แล้ว

    thanks for the video i really needed that

  • @JamesBanda-k5k
    @JamesBanda-k5k ปีที่แล้ว

    God bless you sir, my university should pay you and not our lecturer here 😅

  • @kifayatUllah712
    @kifayatUllah712 3 ปีที่แล้ว +2

    Beautiful explanation!

  • @Monnie_flex
    @Monnie_flex ปีที่แล้ว

    God bless you 🙏💖

  • @misschristy3596
    @misschristy3596 3 ปีที่แล้ว +1

    Thank you very much🙂