Demo Video for Suspense Accounts and Correction of errors

Demo video

Suspense Accounts and Correction of errors

Suspense Accounts and Correction of errors

Session 9: Suspense Accounts and Correction of errors

Suspense Accounts and Correction of errors

  • 5.0
  • 302+ Enrolled

  • 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

  • Excercise Files

Related Courses

© 2024 Onlinetuition.mu. All Rights Reserved.

No Items