What is Rectification of Errors and types of errors?
Answer Posted / samreen
These are the mistakes which to be happen while
accounting,hence the method of correcting the mistakes is
called as "Rectification of Errors"
Types of Errors:
1.Error of principels
2.Error of commossion
3.Error of omission
4.Error of casting
6.Error of posting
7.clerical errors
8.compensating errors
| Is This Answer Correct ? | 16 Yes | 9 No |
Post New Answer View All Answers
Dear Sir I had already export to dubai. now I am to know that can I enter this sale entry in RG1. pls guide me.
What is accounting normalization?
if company give the purchase order worth of 10,000 (INR) in advance, but the seller only sell around 8,000 (INR)and remain ing Rs 2000 return to the company, so how to deal with this scenario in accounts payable in oracle, can u hide to me
how can we get a leaverage in intraday market if are not a professional acount holder?
What is the TDS rate in Maharastra, Tamil Nadu, Karnakata,Odisha & West Bengal. What is about Profession Tax.
What are negative postings?What are Credit memos ?Payment Requests ?
What are the effects of international accounting standards on accounting practices of developing nations?
What is the definition(meaning) for the Final accounts adjustment 'Uninsured goods lost fire'?
What is meant by partitioning?
What is purchase returns accounting
total assets are equal to total liabilities in final accounts ?why?
What are accounting rules called?
how to reduce the interesting giving to debts ?
what is account reconcillation
What is the difference between lc and bg(letter of credit