Day: December 31, 2020
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Rectification of Errors
In this chapter of rectification of error, I will discuss the different types of error and method of its rectification under the following heads. 9.01 Types of Errors• Errors Disclosed by the Trial Balance• Errors not Disclosed by the Trial Balance• Locating Errors9.02 Rectification of Errors9.03 Suspense Account [h5p id=”13″]
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Trial Balance
A Trial Balance is a statement of accounts which appears in the Ledger showing either the balancesor the total amounts of debit and credit items. In this I will discuss the following topics 8.01 Meaning of a Trial Balance8.02 Objectives or Utility of a Trial Balance8.03 Limitations of Trial Balance8.04 Methods of Preparing a Trial…