⭐ Important points (exam-critical)
- ⭐Errors not disclosed by trial balance: error of omission, principle, compensating errors.
- ⭐Suspense A/c absorbs trial-balance mismatches temporarily.
- ⭐Compound journal entries combine multiple debits/credits but must balance.
- ⭐Subsidiary books (purchase, sales, returns, cash) avoid bulky journalising.
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