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Principles and Practice of Accounting > Rectification of Errors

Rectification of Errors

Everyone knows that errors are inescapable especially in the works involving human efforts. Errors are like a disease in the working system. Accounting is also subject to a lot of errors. Just like medicines help in treating the diseases, accounting techniques help in rectifying the problem in the accounts. There are different ways and steps to rectify different kinds of errors. In this article, we will at the process of rectification of various kinds of errors in the accounts under different situations.

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