For those who are still confused on when to credit and debit the suspense account, let me tell you in simple terms. Basically you credit a suspense account when you aren't 100% sure that where the value has gone, and you debit the other affected account. And once you are sure where the value has gone, for example by asking your boss, you debit the suspense account and you credit the affected account. You are Welcome 😊

Studying AAT level 2 and had been struggling on suspense accounts. This video made everything easier to understand than my study text thanks.

Thanks for the clear explanation! I had not heard these terms before watching this and now I feel much more confident for my bookkeeping class.

Thank you so much, please do examples of correcting errors and suspense account using the pre and post-trial balances without additional transactions.🙏

I'm speechless. I've been having problems on suspense accounts for as long as I can remember. Just watching your video made it so much easier. Thank you so much 💞💞 I really appreciate thisss 🥺🥺 I'm definitely going to watch all your videos Love from Nigeria

Thanks you so much, you have helped many people who have desire to be an expert Accountant.

This is very informative and well detailed explanation. Thank you!! Blessings🙏

This was so helpful. Thank you so much

Thanks for the clear explanation of this topic

Thank you so much for simplifying, writting my exam in 2 days🎉

@Counttuts

Жыл бұрын

Glad it was helpful!

thanks good teacher... i've really understood this

Thanks very much for simple explanation

amazing explanation. ❤ thank u so much

Finally understood this Thank you so much.....

thank you,well explained

Thanks bro it was really helpful

Thanks a lot. ❤

Well articulated sir❤

anx for clear explainations

Thanks so much❤

Always helpful

Thank you ❤

Woooiw thank you

Thanks for your well explanations. I will appreciate if the topics followed accordingly. I was expecting the follow up on accounting for beginners number 6 or is the suspense account the next? Thanks

Thank u so much so happy rn alhamdhulilahi

Thanks ❤

thank you

Thanks for The lessons really helpful And kindly asking if you have lessons on Bank reconciliations and statements of cash flows

@awebwasheila1594

Жыл бұрын

for real.. i need it too

Sir if cash sales is overcasted in cash book than it will not affect the trial balance right? As cash sales are recorded in sales account from cash book. So if cash book is wrong than sales account is also wrong leading the trial balance to match?

Great video sir. But how do i solve when the questions have depreciation?

Does opening invertory and closing inventory affect profit and how

Am able to understand

But why are you doubling the amount to correct an error which concern with banks only?

Great video. Thanks

Thanks 😊 🫂 🙏 😊

Short replenish of Petty cash

🎉🎉🎉thank you so much. That is very great Video,I completely understand now

❤😢😮😅😂😊

Alhamdulilah 🥹 i got itttt Alhamdulilah