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An accounting error was discovered in a company s accounting records that had three parts: the figures in the amount were transposed; the debits and
An accounting error was discovered in a companys accounting records that had three parts: the figures in the amount were transposed; the debits and credits were reversed; and one incorrect account was used. The MOST logical approach to fixing this error would be to prepare Select answer from the options below one reversing entry and then record one correct entry. three reversing entries and then record the correct entry. one reversing entry and then record three correct entries. three reversing entries and then record three correct entries.
An accounting error was discovered in a companys accounting records that had three parts: the figures in the amount were transposed; the debits and credits were reversed; and one incorrect account was used. The MOST logical approach to fixing this error would be to prepare
Select answer from the options below
one reversing entry and then record one correct entry.
three reversing entries and then record the correct entry.
one reversing entry and then record three correct entries.
three reversing entries and then record three correct entries.
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