if trial is overstated or understated do we open suspense account to correct this error?
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suspense
5y ago#1I assume that you are referring to the trial balance.
If the total debits do not equal the total credits then there must be an error and a suspense account is used. The suspense account does not correct the error, but it lets us check that we have found all of the errors.
I do explain all of this in my free lectures on suspense accounts.
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