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प्रश्न
What does a 'rectifying entry' in accounting mainly do?
विकल्प
Records new assets
Cancels the wrong entry and records the correct one
Transfers money between bank accounts
Shows regular business expenses
MCQ
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उत्तर
Cancels the wrong entry and records the correct one
Explanation:
A rectifying entry cancels the effect of the wrong entry and then records the correct transaction, updating the accounts properly.
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