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Correction/Rectification of Errors (Suspense Account)

Correction/Rectification of Errors (Suspense Account)

Author: Jamshed Ali
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Errors Not affecting the T/B

Introduces to errors not affecting the agreement of the T/B along with the procedure to correct such errors.

Errors affecting the T/B (Suspense Account)

Please follow the link below to find the slides on Errors affecting the T/B, the use of Suspense account and calculation of the revised/corrected profit/loss.

Past Exam Questions



Past Exam Questions (Set 2)