SSC CGL AAO & UPSC EPFO | General Accounting Principle | Lecture 8 |[Rectification Of Errors]

This is 8th lecture of the accounting lecture series. The lecture series is targeted towards preparation of UPSC EPFO 2020 and Paper 4 of SSC CGL Mains Examination (SSC CGL AAO).
This lecture covers :
1) Classification Of Errors
* Errors of commission
* Errors of omission
* Errors of principle
* Compensating Errors
2) Different Ways of Rectification of Errors
3) Suspense Accounts
4) Profit & Loss Adjustment Account
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