Multiple Choice
An unacceptable way to make a correcting entry is to
A) reverse the incorrect entry.
B) erase the incorrect entry.
C) compare the incorrect entry with the correct entry and make a correcting entry to correct the accounts.
D) correct it immediately upon discovery.
Correct Answer:

Verified
Correct Answer:
Verified
Q188: Each of the following accounts is closed
Q189: An intangible asset<br>A) does not have physical
Q190: Which of the following steps in the
Q191: If a company utilizes reversing entries they
Q192: The income summary account<br>A) is a permanent
Q194: After closing entries are posted the balance
Q195: The income statement for the year
Q196: Prepare the necessary correcting entry for each
Q197: The steps in the preparation of a
Q198: The following information is for Qwik