Accountancy, asked by mohammadsahilmemon, 6 months ago

VARIOUS METHOD OF RECTIFICATION OF ERROR

Answers

Answered by mhetreasmita1

Answer:

Rectification of Errors not affecting the Trial Balance

We can rectify these by passing a journal entry giving the correct debit and credit to the accounts. In order to rectify an error, we need to cancel the effect of wrong debit or credit by reversing it and restore the effect of correct debit or credit.

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