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.

 

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