[eurekaly]

Qn: 1)The book keeper made the following errors:
-Discount allowed 3840 credited to Discount Received account
-Discount received 2960 was debited to discount allowed account

What is to be recorded in the suspense account?

2) The book keeper made the following error:
A discount allowed of 78 was debited to the discount received account

Should you open a suspense account?

My qn is, why do I have to open a suspense account for qn 1 whereas for qn 2, I don’t have to open a suspense account?.

Thank you

[Author]

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