Errors that do not require a suspense account

An area where students often have difficulties is in identifying whether errors in an accounting system will require a suspense account or not. If the error means that the Trial Balance does not balance then a suspense account will be required, but if the Trial Balance still balances a suspense account will not be needed.

Errors that do not require a suspense account

An area where students often have difficulties is in identifying whether errors in an accounting system will require a suspense account or not. If the error means that the Trial Balance does not balance then a suspense account will be required, but if the Trial Balance still balances a suspense account will not be needed.

Please click below to view the online lecture where we look at the different types of error that do not require a suspense account.

 

Sign up to the Newsletter

May 21, 2019

CIMA syllabus change: Free Drop in Sessions

May 8, 2019

Time-series analysis

May 8, 2019

Are you ready to sit AAT Level 2 Bookkeeping Transactions?

May 7, 2019

Key factors in launching a successful apprenticeship programme- Issue two

May 3, 2019

Key factors in launching a successful apprenticeship programme- Issue one

May 2, 2019

TAKE A TRIP DOWN THE MEMORY SKILLS LANE

May 2, 2019

Yorkshire Apprenticeship Opportunities

May 2, 2019

The Long Run To Success…

May 2, 2019

Save 25% off AAT Online Courses!

April 25, 2019

Chelmsford Open Days