Errors of carry forward from one year to another year affect ........

Accountancy (Phase -I & II) Rectification of Errors

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Errors of carry forward from one year to another year affect:

personal account

real account.

nominal account.

both personal and real account.

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Explanation:

If some errors committed during an accounting year are not located and rectified before the finalization of financial statements, suspense account cannot be closed and its balance will be carried forward to the next accounting period then they affect personal & Real account

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