Question

what do you mean by rectifying entries?

Answer 1

it means correcting the entities already entered wrongly or omited to enter at the time of transaction.
errors can be occured in the following ways
errors of commission
errors of principle
compensating errors

Answer 2

Rectifying entries:

• If the issue is discovered quickly, it can be corrected by deleting the incorrect record and replacing it with the proper one.
• If the error is discovered later, the remedy should be done by submitting a proper journal entry; these entries are known as rectification entries since they are used to correct accounting errors.