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What do you mean by one-sided errors?

0 108 Views | Posted 8 years ago
Asked by ryan gonsalves

  • 1 Answer

  • A

    Answered by

    alok kumar | Contributor-Level 9

    8 years ago
    When one-sided errors are located after the preparation of the trial balance, they are rectified by passing journal entries. One account either debited or credited and another is suspense account either in debit or credit side. A suspense account is used to rectify only those errors which affect the trial balance.

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