Which of the Following Errors Can Be Corrected by Adjusting

question 42

Multiple Choice

Which of the following errors can be corrected by adjusting a posted payment or receipt -

• A) the amount of the payment was entered incorrectly
• B) the payment cheque was returned by the bank as NSF
• C) the payment was entered for the wrong customer or supplier
• D) none of the above - they all require a reversing entry

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Definitions:

Delusional Thinking

A belief or thought that is firmly maintained despite being contradicted by what is generally accepted as reality or rational argument.

Perceptual Hallucinations

False sensory experiences without real external stimuli, such as hearing, seeing, feeling, tasting, or smelling things that aren’t present.

Panic Attacks

Panic attacks are sudden, intense surges of fear, panic, or anxiety accompanied by physical and psychological symptoms, such as rapid heartbeat and a sense of impending doom.

Biological Approaches

The study of psychological mechanisms and behavior from a biological perspective, focusing on genetics, neuroscience, and evolutionary processes.