Professional Documents
Culture Documents
Class XI
N.K.Verma
What to learn
Meaning of Rectification
Types of Rectification-
i. Two sided Errors
ii. One sided Errors
Suspense Account
Utility of suspense Account
Rectification through suspense account
Disposal of suspense account
Meaning of Rectification
Examples:
When the errors are located after the closing of accounts.
(Errors located and rectified after the closing of accounts)