An unacceptable way to make a correcting entry is to correct it immediately upon discovery. reverse the incorrect entry. erase the incorrect entry. compare the incorrect entry with the correct entry and make a correcting entry to correct the acco

Answers

Answer 1

Instead, the correct course of action is to first identify the error and then reverse the incorrect entry, erase it, or compare it with the correct entry to make a correcting entry that accurately reflects the account.

Rushing to correct an entry without proper analysis can lead to further errors and inaccuracies in the accounting records.Instead, the correct way to make a correcting entry is to reverse the incorrect entry and record a new entry with the correct information. This ensures that the original transaction is still recorded, but the error is corrected in a clear and transparent way. Another acceptable way to correct an entry is to compare the incorrect entry with the correct entry and make a correcting entry to adjust the accounts accordingly.

However, this method can be more time-consuming and may be more prone to error than simply reversing the incorrect entry and making a new one.

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Related Questions

Which of the following is a difference between a prepaid tuition plan and a college savings plan? A. One can be used for community college expenses, while the other cannot. B. One is free from federal income tax, while the other is not. C. One covers all college expenses, while the other covers only tuition D. One is limited in its investment options, while the other one isn't.​

Answers

Answer:

d one is limited in its investment options, wile the other one isn't.

Answer:

C

Explanation:

"Which social issue should the government give priority now and why?"​

Answers

Answer:

africa

Explanation:

africa has mny problems and cand solve them all.

why is the living standard of people involved in agricultural low in Nepal? give any four reasons​

Answers

Answer:

Lack of education and widespread poverty has disabled Nepalese peasants from being able to increase production and productivity. Farmers are still unable to use appropriate agricultural inputs such as new techniques, improved seeds, fertilizers, insecticides, etc.

1) Agriculture education is important in public schools because students learn ways to efficiently feed a burgeoning population and gain a better understanding of food production and distribution. ... These learning targets are known as the “Career Cluster Model,” all of which provide career opportunities.

Explanation:

Please give thanks to all my answers and please mark as brilliant and please follow me

Write a sentence to answer the following question: What is the advantage of going to an art class that has clear rules versus a class without any rules?​

Answers

Answer:

The classroom would be a safer environment.

Explanation:

Where as a class without any rules anyone to do anything that they wanted to.

Answer:

The advantages is of going to class with rules are to keep students in order and it will make the class session alot easier since there are rules and the students will under stand what to do. But a class without rules could turn into complete chaos and the students would not know what to do which could cause the teach to get lot of stress.

Explanation:

what happens to a cell when a part of your body is wounded

Answers

Answer:

blood cells start to clump together and clot

1. Which power did the Articles of Confederation give to the National government?

a) Choosing a president

b) Appointing national judges

c) Setting conflicts among states

d) Requiring states to supply troops

Answers

Answer:

c.setting conflict among state

what are the function of skin in our body?​

Answers

Answer:

ce clasă ești sa văd daca te pot ajuta

Answer:

the function of skin in our body are.

to safeguard inner important body organs like heart,liver,kidney,lungs,etcto provide certain shape ,size and look to a living being

What’s the definition of oregan trail

Answers

Answer:

It is a route used during the U.S. westward migrations, especially in the period from 1840 to 1860, starting in Missouri and ending in Oregon.

what kind of education should African Americans attain?

Answers

Answer:

Immediately following the Civil War, African Americans were faced with great discrimination and suffering. ... Washington stressed that Blacks should stop agitating for voting and civil .

Explanation:

Please give thanks to all my answers and please mark as brilliant and please follow me

True or False: Although several of the countries have gone through hard times in the
past 50 years, life and safety is improving in most of the countries.
True
False

Answers

Answer:

it is true

Explanation:

I'm sure of it because some thing have improved

Explain the difference between nationalism and sectionalism

Answers

Answer:

Nationalism is an idea and movement that promotes the interests of a particular nation as in a group of people, while Sectionalism refers to the different lifestyles, social structures, customs, and the political values of the North and the South.

Explanation:

I hope this helps

From 1939 to 1945, Hitler and the Nazis tried to get rid of all Jewish people. They forced Jews to live in concentration camps and killed about 6 million people. This event in history is called the

Answers

Answer:

Holocaust.

Explanation:

The Holocaust was the period between 1939 to 1945 when the Nazis under the regime of Adolf Hitler began persecuting the Jewish people. This racial discrimination was one of the greatest genocide in the history of the world, even to this day.

The persecution of a particular race, in this case, the Jews, led to mass killings and murders. Hitler ordered his men, along with the secret police agency the Gestapo to arrest and 'confine' any Jew they find. This confinement was done in 'concentration camps' where the healthy ones were put to work while those unfortunate to be old, young, or sick were taken to the gas chambers and put to death.

Thus, the answer is the Holocaust.

culture shocks in thailand pls

Answers

Answer:

im confused by what you mean

Explanation:

I was kind of confused on the question and what you wanted me to answer but I have a few from experience and knowledge..

Answer:

Bartering is a common thing in Thailand, which is (I think, I’m not entirely sure as I am not from the US) illegal in the US.

Revealing clothing. Now in America and many other places, this is very common. But in Thailand too much revealing clothes (especially for women) could probably get you in trouble.

Plus i believe driving shirtless (both men and women) is illegal there or cold get you in trouble.


I’m not sure if this is what you wanted but..I tried!


compare and contrast Misty Copeland and Maria Tallchief​

Answers

Answer:

maria is a ballerina and misty is a ballet dancer hope i helped

Explanation:

Match the vocabulary words to the correct definition. 1. command system 2. communism 3. distribution a. An economy where the government makes all of the economic decisions. B. A type of government and economic system where everything is shared among the community. C. To divide or spread out among many.

Answers

Answer:

1 - A

2 -B

3 - C

Explanation:

1 matches A's description

2 matches B's description

3 marches C's description

Gross domestic product (GDP) is a measure of how much a country produces. How does improved technology increase a country’s GDP?

A.Improved technology allows workers to take more time off.

B.Improved technology sometimes means that certain jobs won’t be needed anymore.

C.Improved technology makes it easier to communicate with people around the world.

D.Improved technology allows workers to produce more goods and services each year.

Answers

Answer:

D is the answer of the question

Answer:

D

Explanation:

Part B What happened to consumer spending?

Answers

Answer: Consumer spending increased.

Explanation: edmentum and plato

Consumer spending is increased.

What happens when consumer spending increases or decreases?Increases- Even a small downturn in consumer spending damages the economy. As it drops off, economic growth slows. Prices drop, creating deflation. If slow consumer spending continues, the economy contracts.Decreases- The increase in consumer spending in turn helps the economy sustain its expansion. If for some reason consumer confidence declines, consumers become less certain about their financial prospects, and they begin to spend less money; this in turn affects businesses as they begin to experience a decrease in sales.

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Explain how an individual can fight for equality. Use evidence from the text to support your answer. Answer

Answers

The correct answer to this open question is the following.

Unfortunately, you did not attach the text to support our answer with evidence from the text.

However, trying to help, we can comment on the following.

An individual can fight for equality, first of all, not having fear to make his voice heard. People have to trust themselves to express their opinions in a public and correct way. Today, there are different channels that people can use to air their concerns and in a respectful way ask for equality in the workplace, in society, and in any other environment.

The US Constitution protects US citizens with freedom of speech. So there is no need to organize protests or taking the streets to do demonstrations such as the ones during the civil e¿rights movement in the 1960s.

People can use social media, community groups, non-governmental groups to share their opinion and grow in numbers to ask or demand the equality they deserve.

Answer:

5 + 5

Explanation:

is 25 please accept this answer I tried okay

Summarize why 1917 is a turning point in World War 1.

Answers

Answer:

The entry into the war of the USA with its enormous resources in spring 1917 led to the conflict taking a clear and critical turn in favor of the Western Powers. The decision of the German high command to pursue the war at sea was also a demonstration of Emperor Karl's powerlessness. 1917 saw the entry of America into World War One, the result of Germany's use of unrestricted submarine warfare. 1917 also saw the start of the Battle of Passchendaele, also known as the Third Battle of Ypres.


A government selects its leaders in elections. The people
who make the laws are picked every two years and form a
congress. The executives who enforce the laws are chosen
in a separate election and may not be from the same
political party as the one controlling the congress.
Which type of government is described in the passage?

A. Federal
B. Presidential
C. Unitary
D. Parliamentary

Answers

the answer that I got is federal

This reconstruction plan sought to punish the South for its role in causing the Civil War and required harsh and strict requirements for each state to meet before it could return to the US as a state. *

A. Presidential Reconstruction
B. Radical Republican Reconstruction
C. Both Presidential and Radical Republican Reconstruction
D. Neither Reconstruction Plan

Answers

I think it is C I’m sorry if it is wrong

Put yourself into the shoes of a political cartoon. Pick one of the following topics for a cartoon .

Answers

Answer:

need the piture

Explanation:

What was the result of communism in the Soviet Union

Answers

Answer:

Communist Party of the Soviet Union (CPSU), also called (1925–52) All-Union Communist Party (Bolsheviks), Russian Kommunisticheskaya Partiya Sovetskogo Soyuza, or Vsesoyuznaya Kommunisticheskaya Partiya (Bolshevikov), the major political party of Russia and the Soviet Union from the Russian Revolution of October 1917 to 1991.

Explanation:

which of these statements is an example of Natural Resources help the American economy grow​

Answers

Answer:

all natural resources help

Explanation:

Where is Nanda Devi biosphere reserve located?​

Answers

In Uttarakhand in northern India

Place the 4 types of Greek governments in sequential order from 1st to last:
I WILL MARK BRAINLIEST!

Answers

Answer:

The four most common systems of Greek government were:

Democracy - rule by the people (male citizens).

Monarchy - rule by an individual who had inherited his role.

Oligarchy - rule by a select group of individuals.

Tyranny - rule by an individual who had seized power by unconstitutional means.

Explanation:

democracy,tyranny,oligarchy,monarchy

what was the strongest complaint against parliament's taxation of the colonists

Answers

Explanation:

main themes of the colonists' complaints are individual rights, representation, and taxation. Individual rights are rights guaranteed to people. Representation in the English Parliament was important to the colonists, and the colonists believed that taxation without representation was wrong.

ASAP !!!25!!! POINTS Choose two (2) of the people who worked for the Underground Railroad, describe two (2) important details of their life AND why YOU think that they joined the Underground Railroad. Write your answer in at least three (3) complete sentences. William Still Gerrit Smith Salmon Chase David Ruggle Thomas Garrett William Purvis Jane Grey Swisshelm William Wells Brown Frederick Douglass Henry David Thoreau Lucretia Mott Charles Langston Levi Coffin

Answers

Answer:

The Underground Railroad had many notable participants, including John Fairfield in Ohio, the son of a slave holding family, who made many daring rescues, Levi Coffin, a Quaker who assisted more than 3,000 slaves, and Harriet Tubman, who made 19 trips into the South and escorted over 300 slaves to freedom.The Underground Railroad was a network of secret routes and safe houses established in the United States during the early to mid-19th century, and used by enslaved African-Americans to escape into free states and Canada. The scheme was assisted by abolitionists and others sympathetic to the cause of the escapees.

Harriet Tubman, perhaps the most well-known conductor of the Underground Railroad, helped hundreds of runaway slaves escape to freedom. She never lost one of them along the way. As a fugitive slave herself, she was helped along the Underground Railroad by another famous conductor… William Still.

Explanation:

How do the roles of citizens differ in modern autocracies and democracies?
A. Citizens directly elect the head of government in autocracies but the legislature elects the head of government in democracies.
B. Citizens directly elect the head of government in democracies but the legislature elects the head of government in autocracies.
C. Citizens choose the government's leaders in autocracies but have no role in choosing leaders in democracies.
D. Citizens choose the government's leaders in democracies but have no role in choosing leaders in autocracies.​

Answers

im pretty sure that it’s d

Help with iready if correct I’ll mark you brain list

Answers

Answer:

You aren't showing the paragraph that starts with 'another', so I can't help :(

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Red meat consumption is linked to which of the following Michelle had suffered from epilepsy since she was an infant. Her condition was well controlled as she entered childhood and she was able to complete a nursing program in good health. She particularly enjoyed working as a scrub nurse in the operating room. Upon graduation, she applied at the large University teaching hospital where she knew she had performed her clinical work during her nursing program. The hospital knew of her epilepsy history and offered her a job in their medical records department. Michelle petitioned to be able to work in surgery, but the hospital administrators felt that it was too dangerous for Michelle and the surgical patients if she should have a seizure there.Are there some medical or mental conditions that should prevent a person from working in a hospital or other medical setting? If so, what are they? Should she have the opportunity to work in surgery? Why or why not? Most mycoses are difficult to treat because? When a cold front approaches, air pressure will initially ________ due to the displacement and uplift of ________ air. Group of answer choices increase; cold increase; warm decrease; warm decrease; cold (6x - 4)(3 - 2x)/4x - 6 Based on Sternberg's triangular theory of love, who is MOST likely to have a consummate relationship In setting a product's , a business needs to take into account the costs of producing, distributing, and promoting the product as well as a profit margin. La Virgen of Guadalupe is a hybridized figure who represents both Indigenous and Catholic symbols. One example of this is that she spoke to Juan Diego in ___________. Solve each equation Note:now you need to perform inverse operations to solve for the variables. For example in (2/3x -6) try adding 6 to both sides first then multiply the reciprocal of 2/3 (meaning the flipped version) Is this the correct use of imperative form? The function P=48e^((.045t)) gives the number of bacteria in a population as a function of time in hours.a) How many bacteria are there in t = 8 hours? *Accurate to four decimal.b) How fast is this population growing in t = 8 hours? *Accurate to four decimals. Michael is preparing the companys cash budget. When preparing the cash disbursements section, he includes inventory, labor, overhead, selling expenses, administrative expenses, depreciation, dividends, and income taxes. What error did michael make? will cash disbursements be too high or too low as a result of this mistake?. >>> A = [21, 'dog', 'red'] >>> B = [35, 'cat', 'blue'] >>> C = [12, 'fish', green'] >>> E = [A, B, C] What is the value of E1 2 Which is the equation of the given line?x = 4y = 3y=2xy = xNumber graph that ranges from negative five to five on the x and y axes. A line passes through the labeled points (four, three) and (four, negative two). Select the correct answer from each drop-down menu. rna interference is a mechanism of eukaryotic gene regulation. in this mechanism, the enzyme "dicer" cuts dsrna into smaller fragments called , which form a complex with risc and degrade specific . scientist released 8 rabbits into a new habitat in year 0. Each year, there were twice as many rabbits as the year before. How many rabbits were there after X years? Write a function to represent this scenario. In the town of Rockville, 3/5 of the students in middle school participate in organized sports after school. If 1/4 of them play basketball, what fraction of the students play basketball? Seventy percent of kids who visit a doctor have a fever and 21% of kids have fever and sore throats . What is the probability that a kid who goes to the doctor has a sore throat given that he has a fever? -Why has globalization increased?1. 2. Using semantic features, how would you explain the oddness of these sentences? i ate a bowl of happiness for lunch with a plate of juice on the side.