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Concept of rectification of errors

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Concept of rectification of errors

Posted by Sandhya Gaur Gaur 6 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Rajat Singh 6 years, 9 months ago

Rectification Of Accounting Errors Once an error is located, it should be properly corrected. The correction of accounting errors in a systematic manner is called the rectification of errors. In other words, the process of systematically correcting the accounting errors is known as rectification of errors. The presence of accounting errors affects accuracy of the profit and loss and the financial position of the business shown by the final accounts, therefore, no error should be left uncorrected.

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CBSE > Class 11 > Accountancy

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CBSE > Class 11 > Accountancy

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CBSE > Class 11 > Accountancy

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CBSE > Class 11 > Accountancy

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CBSE > Class 11 > Accountancy

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CBSE > Class 11 > Accountancy

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