Unit 05 Rectification of Errors
Need for Rectification of Errors
In accounting, errors may occur during the recording of financial transactions. These errors, if ...
Types of Errors
Errors in accounting are mistakes that occur during the process of recording, classifying, or sum...
Process of Rectification
Rectification of financial accounts refers to the process of identifying and correcting errors or...
Accounting Entries for Rectification
In accounting, errors can occur at various stages, such as during journal entry, ledger posting, ...