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Rectification
Accountancy
"B" purchase goods on credit for Rs.50,000 from Ram. He made this entry in sales book instead of purchase book. Why can't we just stick those errors instead of rectifying the errors?
Answers (5)
Kumar G
If you stick to that , the financial statements are not Shows true and fair view!
Ok, now we had rectified the error. And the financial statement is made. But now anyone can see our mistakes of wrong entry. This will also not show the true and fare view of financial statement. Am I right?
Kumar G
Yes they can see but, it is rectified na . Obviously it shows true and fair view
thank for the help bro