
About Lesson
Video Link: https://youtu.be/ihP2h8Qdb7w
“Discover the essentials of suspense accounts and one-sided errors in this comprehensive tutorial!
Learn when and how to open a suspense account, and how it helps in correcting accounting discrepancies. Explore scenarios where multiple accounts are involved, but the suspense account is still used to resolve the issue. Watch as real-world examples are analyzed, journal entries are corrected, and transactions are posted to the suspense account.
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Exercise Files