P-10: Stages of rectification of errors
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P-10: Stages of rectification of errors
In this video, we cover one of the most important topics in Accounting – Rectification of Errors. Errors are common in the preparation of accounts, but they need to be corrected to ensure accuracy in the financial statements. We’ll discuss: Types of Errors (Clerical, Principle, Omission, Commission, Compensating errors) Errors located ...
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