Rectification of Errors

Correction of errors in the books of accounts is not done by erasing, rewriting or striking the figures which are incorrect. Correcting  the errors that has occured is called Rectification. Appropriate entry is passed or suitable explanatory note is written in the respective account or accounts to neutralise the effect of errors. From the point of rectification, errors may be classified as follows:

i. Single sided errors are errors which affect one side of an account.

ii. Double sided errors are errors which affect both the accounts in a transaction.