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Chapter: 11th Accountancy : Rectification of Errors

Steps to locate errors

Errors can be located by going through various steps. Such steps are as follows:

Steps to locate errors

Errors can be located by going through various steps. Such steps are as follows:

 

1. Location of errors before preparation of trial balance

Errors may be located before preparing the trial balance either spontaneously or by intentional scrutiny of books of accounts.

The following are the steps to be followed to locate errors before preparing trial balance:


The errors located at this stage are rectified by debiting or crediting the relevant accounts in the books.

 

2. Location of errors after the preparation of trial balance

While preparing trial balance, if it does not tally, it is an indication of presence of errors in the books of accounts. The difference in trial balance is transferred to suspense account and then errors are to be located and rectified.

The following are the steps to be followed to locate errors after preparing trial balance:



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