Series 2, Episode 9: Suspense Accounts & Error Correction

Series 2, Episode 9: Suspense Accounts & Error Correction

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.

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Avsnitt(20)

Nominated for a PQ Award!!!

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In this episode of "Debit Credit Done," Dean Quartermaine reflects on the journey of content creation over the past months and shares exciting plans for 2026. Join Dean as he discusses the importance ...

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AAT Connect: Inspiring Journeys and AAT Impact Awards

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Join Dean Quartermaine in this special episode of Debit Credit Done as he shares insights from the AAT Connect and Impact Awards 2025 in London. Discover the inspiring stories of industry leaders, the...

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Series 2, Episode 8 – Control Accounts: Receivables & Payables

Series 2, Episode 8 – Control Accounts: Receivables & Payables

In this episode of Debit, Credit, Done! we break down Control Accounts, focusing on the Receivables Ledger Control Account (RLCA) and the Payables Ledger Control Account (PLCA).We’ll cover:What contro...

4 Sep 202520min

Series 2, Episode 7 – Combining Depreciation & Disposal Adjustments

Series 2, Episode 7 – Combining Depreciation & Disposal Adjustments

Thanks for bearing with me — after a short delay, we’re back! In this episode of Debit, Credit, Done! we’re combining two key AAT Level 3 topics: depreciation and disposals.We’ll cover:A clear, 5-step...

31 Aug 202519min

Series 2, Episode 6 - Inventory Valuation – FIFO, AVCO & IAS 2

Series 2, Episode 6 - Inventory Valuation – FIFO, AVCO & IAS 2

In this episode of Debit, Credit, Done! we’re tackling inventory valuation — a key area of the AAT Level 3 Financial Accounting: Preparing Financial Statements module.We’ll cover:Why accurate inventor...

21 Aug 202522min

Series 2, Episode 5 - Adjustments: Accruals, Prepayments & Irrecoverable Debts

Series 2, Episode 5 - Adjustments: Accruals, Prepayments & Irrecoverable Debts

In this episode of Debit, Credit, Done!, Dean Quartermaine explains how to adjust accounts so they reflect the correct period — covering accruals, prepayments, irrecoverable debts, and the provision f...

18 Aug 202523min

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