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प्रश्न
What is the main purpose of rectification of accounting errors?
पर्याय
To automate data entry processes
To finalize the cash flow statement
To find and correct mistakes so financial statements show the true picture
To prepare the trial balance
MCQ
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उत्तर
To find and correct mistakes so financial statements show the true picture
Explanation:
Rectification means detecting and fixing mistakes so that profit, loss, and asset figures in financial statements reflect reality.
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