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प्रश्न
What is the main purpose of rectification of accounting errors?
पर्याय
To record new transactions
To correct mistakes so accounts show true and accurate information
To calculate profit for the year
To balance the cash book
MCQ
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उत्तर
To correct mistakes so accounts show true and accurate information
Explanation:
Rectification ensures all mistakes in the books are corrected, so the financial statements show a true and fair view of the business’s position.
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