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Answer Posted / idea compouters(tally academy)
Error mean mistake. If you are prepared accounts, the
mistake will come journal, ledger & trailbalance. First we
are identified the mistake and that mistake adjusted or
recitified.
For example:
Purchases goods for cash Rs 1000/-
The journal entry is
Purchase A/c ...Dr 1000
To cash A/c 1000
But posting in the ledger accounts, we are posted in
Purchase a/c only 100/-. the 900/- is missed in purchases
a/c. like this type of errors, rectified called as
recitfication of errors.
| Is This Answer Correct ? | 29 Yes | 4 No |
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