Here I have explained the concept of Rectification of Errors in a simple way
After watching this video you will have great clarity on Rectification of Errors.
⏱TIMESTAMPS
00:00 - Basic Skills
07:49 - Suspense A/c
12:54 - Error v/s Fraud
14:19 - Types of Errors : Errors of Omission
15:48 - Errors of Principle
18:19 - Errors of Comission
22:40 - Compensating Errors
26:22 - Stages of Detection
Next: #2 Rectification of Errors - Technique
• #2 Rectification of Er...
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This is for the students of CLASS 11, CA Foundation, CMA, B.COM, BBA and any other accounting courses.
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