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Answer in One Sentence: What is meant by rectification of errors? - Book Keeping and Accountancy

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One Line Answer

Answer in One Sentence:

What is meant by rectification of errors?

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Solution

Mom the book of accounts, when errors are identified (to confirm accuracy in the books of accounts) and entries are passed to rectify that errors, it is known as rectification of errors.

Concept: Meaning and Effects of Errors
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APPEARS IN

Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 8 Rectification of Errors
Exercises | Q 1. 1) | Page 266
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