Error Rectification in accounting:-
An error means a mistake. When we are doing some work here a number of chances to do mistake also. So, while an accountant recording, posting or balancing the ledger account there are numbers of chances that he did a mistake in his work this type of mistake is known as accounting errors. The process of rectifying these mistakes is known as error rectification.
The trial balance is prepared to check the arithmetical accuracy of recording the transactions in the journal, posting to the ledger and balancing of ledgers accounts. When the trial balance is agreed then it is assumed that the all process of journalizing, posting and balancing has no error. If the trial balance is not agreed then it is means there are errors in any above-said processes and efforts are made to detecting an error.
But the agreement of trial balance is not the proof of all error-free accounting there is some type of errors which will not affect the total of trial balance. For example, Non-recording of the whole transactions in the books, it will not affect the total of the trial balance because we recorded neither debit nor credit. So, we can divide all error in the two main headings, i) Error which is revealed by the trial balance and, ii) Error which is not revealed by the trial balance.
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Chapter No. 16 – Rectification of Errors – USHA Publication Class +1 – Solution
Question wise solution of the all Questions of Chapter No. 16 – Rectification of Errors – USHA Publication Class +1 – Solutions are shown below: –