Corrections Using Suspense Accounts

If a discount is given to a customer, then it should have been debited to discounts allowed. So in the trial balance at the moment, the debits are too low by 50 (because the debit is not there) and the credit are too high by 50 (because they have listed 50 that should not be there). If the debits are too high by 50, and the credits are too low by 50 as well, then it means the total of the debits is 100 more than the total of the credits. So....to make it balance we would have a suspense account with a credit of 100. Then the debits equal the credits. When we correct the error, we credit discounts allowed with 50 (to remove what should not be there). We credit discounts received with 50 (to put what should be there). We debit the suspense account with 100. The balance on the suspense account is then zero.