In this video lesson, I will teach you how to make journal entries for correction of errors and how to prepare suspense account. This is a very common question in almost all Accounting Curriculums, for example, Cambridge IGCSE, O Level, As Level, A Levels, IB, CBSE, GCE, Ed-excel, and other National and International Accounting Syllabuses. Accounting Celebrity features accounting lessons for High School and College students which is a convenient way to learn Accounting with VIDEO LESSONS.

There are some more free lessons here you can watch to improve your accounting skill-
What is DEBIT and CREDIT in Accounting? : [ Ссылка ]
How to prepare a TRIAL BALANCE? : [ Ссылка ]
How to prepare a corrected trial balance from imbalanced trial balance? : [ Ссылка ]
How to Make Journal Entries in Accounting? : [ Ссылка ]
How to make double entry in Accounting? : [ Ссылка ]
How to Prepare Petty Cash Book using the Imprest System? : [ Ссылка ]
What is included in the Income Statement? Part-1 : [ Ссылка ]
What Items are included in INCOME STATEMENT? Part-2 : [ Ссылка ]
Sole Traders Balance Sheet Format Explained : [ Ссылка ]
Trial Balance Questions Answer Explained : [ Ссылка ]
Rules Of DEBIT and CREDIT in Accounting : [ Ссылка ]
What is MARK-UP and MARGIN in Accounting : [ Ссылка ]
The Margin in Accounting : [ Ссылка ]
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TIMESTAMPS--
00:00 Intro
01:01 Transaction 1
02:36 Transaction 2
04:11 Transaction 3
07:05 Transaction 4
08:01 Suspense Account
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