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What is Rectification of Errors and types of errors?

Answer Posted / lxmi1972

These are nothing but an error can happens in accounts for
which rectification need to be done to set right the
accounts.

Following are Types of Error can occur:

1.Error of commission
2.Error of omission
3.Compensating Errors
4.Casting errors.

Is This Answer Correct ?    36 Yes 5 No



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