Accounting Errors and Their Rectification | Types of Errors, Examples & Fixing Entries
3:24
YouTubeCorporate Affairs
Accounting Errors and Their Rectification | Types of Errors, Examples & Fixing Entries
An accounting error is a non-fraudulent discrepancy in financial documentation. Many errors are not immediately detected and may be discovered much later — and they must be rectified as and when detected. In this video we explain the classification of accounting errors, their effect on the Trial Balance, and how to rectify them with practical ...
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