• In this session, the chapter Suspense Accounts and Correction of errors have been fully discussed. The chapter consists of 

  • Types of errors:
  • Errors that cannot be revealed by the Trial Balance

                1) Errors of Omission

                2) Errors of Commission

                3) Errors of Principle

               4) Errors of Original entry

              5) Complete reversal of entries

  •  Errors that can be detected or revealed by the trial balance

              1) Transposition error

              2) Partial omission

             3) Unequal posting errors:

            4) Addition error

  • Suspense Account
  • Example

  In the exercise section, the notes have been uploaded.

   

• Session 9: Suspense Accounts and Correction of errors

  • Suspense Accounts and Correction of errors
    • Part 1 8 mins
      View Demo

      Demo video

      Part 1

      View Full Lesson
    • Part 2 9 mins
      View Demo

      Demo video

      Part 2

      View Full Lesson

• Excercise Files

  • Suspense Accounts and Correction of errors
    • Notes
    • Example

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