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

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

Concept: Meaning and Effects of Errors
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Chapter 8: Rectification of Errors - Exercises [Page 266]

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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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