CORRECTION OF ERRORS AND THE SUSPENSE ACCOUNT (PART 1)

[@FOGAccountancyTutorials]

New WhatsApp Number below 👇🏻 [phone] Thanks 🙏🏽

[@richmonddjagbo1121]

Alright sir, thanks

[@gaimambiran3088]

thanks

[@mr.jerrybriggs8208]

Excellent 👌

[@tuganireliveshow8262]

Can send you some questions via WhatsApp if you you can do it for me.thanks

[@nkemgift8387]

Sir do u have WhatsApp group for accounting?

[@abdulnuuru4690]

I don’t even learn from my textbook anymore to do revision. I just follow your videos. So perfect. Respect ✊🏼

[@harrisondeborah9001]

Same here 😀

[@namcelebsn9930]

I have been struggling with errors for months, I searched on KZbin for videos,,,but nothing happened,,but when I came to this video,,it really helped me and I passed my exam,,thanks a lot sir ...........

[@FOGAccountancyTutorials]

Welcome... I'm glad you are helped

[@all-in-one2109]

he is the best at his craft

[@yinablakofi7257]

Thanks you for your help as

[@kittorobbinson1658]

You are talented Mr

[@jobnobleirwin]

​@@FOGAccountancyTutorials what's the current WhatsApp number?

[@kabakamusagyaarts5810]

My name is Joseph Honore. I'm Rwandan. What I want to tell you is that thanks 👍. For me there is no accurate reward you can afford from the greatest work you do for this world of business. Only God knows what better reward you deserve. I'm university student in Year I in accounting to having you now for me means to have angel, second brain. Let me call you my father from now. Thanks 👍 so much. 🇬🇳+🇷🇼=Independent Africa giving to better would.

[@SenaBenton]

God bless you so much🙏🏾. It's because of ppl like you that accountants are made. Thanks a lot

[@mulengaphiri105]

After coming across your videos i had to start from the basic and i have learned alot. You have really helped me and i believe i will become good at accounts because of you. God bless you sir

[@ambangmongo2888]

Sar you have done a perfect job, I like the fact that you gave the basic of it before going forward. The educational sector need more teachers like you, thank you for impacting us with knowledge.

[@choirofangels6228]

wow,I really have improved in accounting from watching your tutorials. Thank you!

[@chireneo2348]

thanks very much sir.with the help of your lessons, am gradually understanding Accounting errors

[@sanyuamabel8575]

This is a very detailed explanation. Thanks

[@FOGAccountancyTutorials]

Welcome

[@chalinguluta8174]

I never really got to understand this topic until a friend of mine recommended this video now not even words can express how greatfull I am thank u so much sir may God richly bless you I don't know how pupil like me can do without teacher like you, you make everything simple and easy to understand 🙏🙏🙏 thank u so much

[@lucaslamptey4478]

I have to say big thanks And I’m proud of what you’re doing ..Ghana to the world 🇬🇭🇬🇭🇬🇭🇬🇭🇬🇭

[@DoraDee2000]

i was really lost before watching this video, you're doing good for the world. thank you so much.

[@sharonasasira6652]

This is awesome.Thank you Mr Felix.You are a blessing indeed

[@kingbadjeiobeng-fosu6034]

This man is building nations through the accountants he's raising by of his insightful and spectacular videos.

[@samuelelowisesandy1781]

Thank you so much sir. I have been thinking of how to have an understanding on this topic but with your explanation, I have gain a lot. May God Almighty continuing to bless you and your entire family.

[@lwandilemsani3049]

I'm doing my second year and this video just gave me all i need to know, thank you sir plz continue helping others👏👏

[@jauharaabduljabbarhassan4503]

You are one of the best teacher's ever

[@harrisondeborah9001]

If not the best 🤘✨

[@leroynkang6041]

God Bless You Sir. I’m currently in my foundation level and this tutorial saved me.

[@abdul-latifabdul-mutalib7258]

Thank you for your good explanation, but most of the errors that affect the trial balance agreement, will not happen in the computerised accounting system

[@antwiodurogilbert9143]

You’re too good , I appreciate your effort

[@josephmweresa4540]

Thank you 💖,be blessed and craftened by God his power to continue helping confused students

[@jaelapiyo1840]

Very Good explanation sir from Kenya well understood

[@absalommanfield4713]

this was a lovely explanation of errors, well done

[@michellembai9520]

Perfect. I really appreciate this Sir. Be Blessed..

[@FOGAccountancyTutorials]

👍

[@ba-uoromichael6762]

Thank you sir for your well explanation of errors may God bless

[@jenniferekwuru9048]

You are doing very great. Please keep it up. These lessons are helpful to a lot of people like me

[@EbrimaSowe-vz8gc]

Thank God of been part of the luckiest people to meet with this excellent man who make me understand this topic (I Mean knowing this topic to my finger tips

[@HigorUngana-fe9ki]

This man is responsible for the slap I received last week from my teacher. God bless you sir. The way I explained this in class my fellow pupils almost chesed the teacher

[@user-yq3cv6dn6g]

Your explanation is the best ❤, thank you so much

[@iemberwaribo7465]

Thanks so much for this sir. I really understand it all now🙏😊 Why didn't my teacher, teach it like this🤦. FOG going places maaaannn!! 🤪

[@johntyabby9199]

Gud day sir i will appreaciate ur lecture class of accounting u ave been of great help to me in accounting concept

[@isaacoduro6623]

Is the error of partial reversal not same as error of wrong debit or wrong credit

[@mazubajacks8549]

We need such teachers in the Zambian education sector , keep it up sir

[@lovedaym_1000]

Yes very much it’s good seeing a friend from Zambia 🇿🇲

[@richreid1989]

Legon students love your videos🤗

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I love this man lectures your the best sir keep up the work may God bless you🙏

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I like how u teach keep it up n from u I have learned more God will bless u🤗🤗🤗🤗

[@kaizat.theophil3529]

I appreciate the whole things from you Sir... big congrats🙏👏

[@ayubaisahtv6812]

what an amazing tutor u are....more blessings

[@margaretviwiyfenyuy8172]

Thanks so much I understand this better now ✌️✌️✌️ Cameroon

[@cheropjacky]

more summarised ,very understandable, i love your teachings ,thanks alot

[@fatimahjaiteh7340]

Just today that I did these topic with my teacher and I came here an fine more thanks sir

[@godwinkasidy5509]

Your lectures have been of great assistance to me. Please post lecture on incomplete record and single entry

[@odhiambomoses3283]

Good day sir. Thanks very much for your lectures. They are of great help and may God abundantly bless you for that. I have a question please. Supposing you operating a business and you allowed your customer a discount of 20,000. Instead of debiting this amount in discount allowed account, you made a mistake and credited this amount in the discount received account. Is this also an error? How do we correct it? And does it affect the agreement of trial balance?

[@bmgtutorials4873]

Hello please I am just helping you out if you haven't gotten your problem solved. Firstly, it is indeed an error Secondly it is going to affect the agreement of the trial balance by debit shorting of double of the amount involved ie. 40,000 To correct this error, you go back and debit the discount received account to cancel off the amount to zero balance, then you now debit it correctly to discount allowed account which initially was supposed to be.

[@hybridaccounts]

And lastly, you credit SUSPENSE ACCOUNT

[@hybridaccounts]

DR Discount received 20,000 DR Discount allowed 20,000 CR Suspense. 40,000

[@corneliusakapo507]

Well done

[@celineonyinye8834]

Your tutorial is very easy to understand. Thank you for the good job

[@ErickKanchori]

Be blessed 🙏 sir you are transforming so many students may the good lord award you for the good work keep it❤❤up

[@user-vb2yw8vy7t]

Wow you are the best. I was struggling with this topic but you made it easy for me

[@sadiyahmohangee2781]

Awww i understand errors after watching this 👆❤️

[@judithambuli2675]

Teacher number one in Africa

[@isaacodiase6408]

Really appreciate your tutorials 🇳🇬🇳🇬🇳🇬

[@nalubowamaureen7192]

Thx b to God that I found yr site sir, I am writing in 6 weeks time but am sure that with yr clear explanation I will make it though I still have challenges in adjustments but am trying hard to understand in this remaining time. May God b with u sir.

[@FOGAccountancyTutorials]

Check out my video on Adjustments kzbin.info/www/bejne/rGi0lnWjlNmSkKM

[@jakapundakhakipapers2571]

we also have arithmetic error, wrong additions of entries on T.B this will make it not balance otherwise good tutorials. watching from kenya

[@FOGAccountancyTutorials]

All that you mentioned are part of errors. Thanks

[@felixobiero4710]

Thank you very much I got a straight A in my Financial accounting 1 exam.

[@user-mu8gd9ey9t]

Good work Sir,I have benefited a lot

[@michaeldammy1543]

You are absolutely good sir....could u pls make a video for payroll account

[@dennissinkamba458]

You explained well better than my accounts teacher at school

[@pootman7687]

Thank you you made me understand the suspence account

[@alfredachuo8512]

I want to assure you I'm watching all the videos to the end if that will make you achieve something. I'm very very grateful.

[@mirajiabubakar7635]

I dont think if errors will going to mix me up..... Thanks 🙏🙏

[@FOGAccountancyTutorials]

Welcome

[@sundayalbert214]

This is so understandable. Thanks 👍

[@lordaduwenger2940]

You are doing a good job man

[@bernardanum5123]

I now understand it better😊😊😊 Thanks Sir 😊❤

[@ShanyMsyoka]

From Kenya, thank you so much sir

[@ukamakaokorie38]

Thank you for helping very grateful. Your videos are indeed helpful

[@agapenanyangwe2978]

Thanks so much this topic has been difficult for me but now have understood

[@AbayomiAzeez-up1ws]

your videos have helped me a lot,thank you sir.

[@emmanuelkobenaninson583]

Please can we get a question with no trial balance difference ???? In correction of errors

[@EdudjiElElyon]

Good evening sir Please God bless you for the great and good work you are doing for us. Please with all humility I want to know if the IAS 8 is in now. Thanks

[@ansumanas.bdanso3954]

you made me to understand this topic thanks alot.

[@douglaschemwanyisa1508]

Great tutor, much appreciated

[@namulindwasumaiah9987]

Thank u so much am really understanding the errors that have been disturbing me

[@sohnabarrow3323]

Thanks you soo much my problem is not about errors if I read the statement I don't know what to debit and what I will really appreciate if you explain that

[@kisemeiparteri7290]

Thanks your lecture really helps

[@FOGAccountancyTutorials]

Good to know

[@etinosaobasuyi3294]

Thanks a lot sir can you make a video on control account

[@tshephangchabaesele7170]

thank you soo much ,finally i got the concept!

[@user-ti1wz2fz7m]

Am ejoy ur lecture sir ❤🎉

[@tarisaimalezo8205]

Thank you now understanding errors

[@abraniajeremani7181]

thank you sir i have learnt a lot

[@tonia5364]

Great video! Thank you! xx

[@yaaddrop]

Can I send a question for you to work on your channel?

[@josephmanyasi627]

You are doing great job sir,be blessed 🙏

[@Catherinemwandalima-oj6qh]

Well done🔥🔥🔥🔥🔥🔥🔥

[@franklincassidy4927]

You are good bro

[@donaldbrakoh]

Ur videos have really helped me thank you so much

[@irenemcharo6406]

Thank you so much My paper is tomorrow morning atleast have confidence with suspense

[@juliaszvarevashe280]

Great work there! Can u do us tutorials for Trust Accounting especially in Real Estate please

[@user-yr2yn6ld6o]

Thank you for your help please I need More video

[@istarabdullahi2021]

Sir Thank u so much 💓 plz can u do company 🙏

[@aishapatel7364]

Best explanation🥰

[@user-yr2yn6ld6o]

I need more questions about and examples of correction of accounting errors

[@esihalwamukuna7805]

Thanks a lot i have learnt

[@kifayatUllah712]

Beautiful explanation!

[@pertriceantoine2621]

Thank you!!! God bless u.

[@kansimeaidaloi1820]

Hello Felix is it possible to find a question where your given a trial balance with no additional information and your asked to generate a corrected trail balance

[@user-gc3nd8sg9p]

God bless you sir, my university should pay you and not our lecturer here 😅

[@abigailtembo5590]

Wow thank you sir

[@sundayokoh]

Good evening sir. I need clarification on this question. "Trade discount of 5% on #7,000 goods purchased was omitted from the invoice sent to Mr. Akpa." Is this an error of single entry or partial omission? Your prompt reply will be helpful. Many thanks

[@mojirayoolap6037]

That is under error that does not affect the trial balance agreement, error of omission.

[@hopekaunda1031]

I dont seem to find the part 2 of partnership account

[@danielonyedikachiokwandu3323]

please under the error of commission does it always affect the real account instead of both real and nominal account?

[@violetmakokha5683]

Confusion is on error of casting especially on undercast and overcast I normally credit overcast and debit undercast