Rectification of Errors

Chapter 15: Rectification of Errors (20 videos)   (Practice Test)

15.1: Rectification of Errors

1. What is Rectification of Errors and types of Errors
2. Book-keeping Errors
3. More on Book-keeping Errors
4. Trial Balance Errors
5. Rectifying the Errors

15.2: Error causing Disagreement in Ledger and Trial Balance

1. Problem 1: One sided Error
2. Problem 2: Two sided Error
3. Accounts before and after Rectification of Errors
4. Suspense Account
5. One-sided Errors at Different stages
6. Two-sided Errors at Different Stages

15.3: Effect of Errors on the Final Accounts (Practice Test)

1. Effect of Errors on Net Profit
2. Problem: Effects of Errors on Income Statement
3. Effect of Errors on Balance Sheet
4. Problem: Effect of Errors on Balance Sheet
5. Problem: More on Effects of Errors on Balance Sheet

15.4: Numericals

1. Numerical 1: Rectification of Errors
2. Numerical 2: Rectification of Errors
3. Numerical 3: Preparation of Suspense Account from Entries
4. State the Effects of Errors on Final Accounts