Trial Balance and Suspense Accounts
Accounting · 5th Year · Conceptual Framework and Double-Entry Bookkeeping · 1.º Período

Trial Balance and Suspense Accounts

Extracting a trial balance to check arithmetical accuracy and correcting errors using suspense accounts.

NCCA Curriculum SpecificationsNCCA Leaving Certificate Accounting Syllabus, Section 1: Financial Accounting - Accounting Records (The Trial Balance)NCCA Leaving Certificate Accounting Syllabus, Section 1: Financial Accounting - Accounting Records (Correction of errors and suspense accounts)

About This Topic

Extracting a trial balance to check arithmetical accuracy and correcting errors using suspense accounts.

Key Questions

  1. What does a trial balance achieve?
  2. How do we identify errors not revealed by a trial balance?
  3. How is a suspense account used to correct errors?

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