Suspense Accounts - ACCA Financial Accounting (FA) lectures
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- Опубліковано 29 сер 2024
- Suspense Accounts - ACCA Financial Accounting (FA) lectures
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Free ACCA lectures for the ACCA Financial Accounting (FA) Exam
Again, by far, the best accounting lecturer online.
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Your videos are very useful for self-studying students like me. Thank you very much
Don't you think that showing the trial balance and the errors to be corrected would help a little more? I mention this because personally I am a visual learner.
However, the explanation was outstanding, clear examples, appropriate tone of voice and speed of speech. This is highly important since some of the people /students whose main language is not English watch and learn with your videos.
Thanks a lot for this material.
Exactly, that is how I learn too. I recognize that most tutor and lecturer don't really share their slides when explaining.
yes definitely... opentuition should do that
But you know what a trail balance looks like. it just doesnt balance at the bottom. thats all..
Thank you very much well explained
Thank you for the lectures. They are very helpful.
Your voice reflects how intellectual you are😊
Thank you so much.
Very useful, thanks
Best usefull video
Thanks
Which errors will require suspense account
Very useful thanks
Thnks
Which chart account should be create at (In asset or ...)?
The suspense account is classified as a current asset, since it is most commonly used to store payments related to accounts receivable. It is possible to also have a liability suspense account, to contain accounts payable whose disposition is still being decided. If so, the liability suspense account is classified as a current liability.
when either debit or credit side of suspence account?? i didnt understand it
If we need to debit an account to correct a mistake, then the corresponding credit goes to the suspense account. Similarly if we need to credit an account to correct the mistake, then the corresponding debit goes to the suspense account. Have you watched all the earlier lectures on double entry bookkeeping (and have you downloaded the free lecture notes that go with the lectures from our website?)
@@opentuition not all videos just some.
@@alimurselov5964 To make sense of the topics you need to watch our lectures in the same order as the chapters in our free lecture notes. Later lectures build on earlier lectures.
The suspense account is classified as a current asset, since it is most commonly used to store payments related to accounts receivable. It is possible to also have a liability suspense account, to contain accounts payable whose disposition is still being decided. If so, the liability suspense account is classified as a current liability.
Your videos are very useful for self-studying students like me. Thank you very much
Thanks