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Chapter 14

The trial balance, accounting errors and

suspense accounts

Outcome

By the end of this session you should be able to:

 explain the purpose of, and prepare, a trial balance

 prepare journal entries to correct errors and clear out a suspense account

 understand and calculate the impact of errors on the financial statements

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Notes can be found in
Chapter 16 of your Study Text

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