In this episode of Debit, Credit, Done! we dive deep into the theory of suspense accounts and error correction for AAT Level 3 Financial Accounting: Preparing Financial Statements.
We cover:
Why suspense accounts are created
The difference between errors that affect the trial balance and those that don’t
The two-step process for correcting errors
Why suspense must always be cleared to nil
The most common AAT exam pitfalls
Unlike previous episodes, this one is all about concepts and theory — no worked examples, just the core principles you need to understand for exams and real-world practice.
🎙️ Perfect for revision, refreshing your knowledge, and building exam confidence.
