Series 2, Episode 9: Suspense Accounts & Error Correction

In this episode of Debit, Credit, Done! we dive deep into the theory of suspense accounts and error correction for AAT Level 3 Financial Accounting: Preparing Financial Statements.We cover:Why suspense accounts are createdThe difference between errors that affect the trial balance and those that don’tThe two-step process for correcting errorsWhy suspense must always be cleared to nilThe most common AAT exam pitfallsUnlike previous episodes, this one is all about concepts and theory — no worked examples, just the core principles you need to understand for exams and real-world practice.🎙️ Perfect for revision, refreshing your knowledge, and building exam confidence.

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