Question

What is the conclusion of rectification of errors

Answer 1

The errors discovered after the conclusion of accounting year might be two-sided and one-sided errors. Rectification of the errors seen after preparation of trial balance can be made by preparing remedying journal entries in the subsequent year just.
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Answer 2

Rectification of efforts is basically when the affection is only in one affect and the detection of error is posting towards the ledger ,though there are changes that we can correct it by crossing the wrong amount that is present but initializing it is also very necessary.Ledger amount also helps in correcting the error that is present.