Question
When an error has been made, an advantage of a correcting entry over reversing the original entry and posting a correct entry is that the
When an error has been made, an advantage of a correcting entry over reversing the original entry and posting a correct entry is that
the correcting entry highlights the error.
the correcting entry will reduce the incidence of future errors.
it is a more ethical approach.
the correcting entry will take fewer entries than reversing the original entry and posting a correct entry.
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0471072419, 978-0471072416
