In a Paper Record, Which of the Following Is Never

question 113

Multiple Choice

In a paper record, which of the following is never an acceptable method of correction to a handwritten entry?

• A) Draw a line through the error.
• B) Erase or use a correction fluid.
• C) Insert the correction above the error.
• D) Write initials or signature below the correction and date.
• E) All of the above are acceptable.

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Definitions:

Profitability

A measure of the efficiency and financial performance of a business, indicating its ability to generate income relative to revenue, assets, or equity.

Significant Influence

The power to participate in the financial and operating policy decisions of an investee but not control those policies.

Voting Shares

Shares that give the shareholder the right to vote on company matters at shareholder meetings.

ASPE

Accounting Standards for Private Enterprises, a set of accounting principles for private companies in Canada.