When an error is found it is dealt with using double entry: one side posted to the account in error and on side posted to the suspense account.
Example: a credit sales invoice for £300 was posted to the trade receivables account but the sales day book was not updated.
This means there was a DEBIT for £300 but not a CREDIT.
To correct this we need to credit the sales account under suspense for £300.
The other side of this double entry means the suspense account is debited by sales with £300
Once all errors are corrected, the suspense account will balance.
The 6 named errors do not need a suspense account to correct them and the accounts can be corrected between themselves.
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