Which of the Following Errors Can Be Corrected by Adjusting

question 13

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:

Essential Criterion

A fundamental standard or requirement that a concept, proposal, or candidate must meet.

Concrete Floor

A durable and solid ground surface made of concrete, often used in buildings for its robustness and low maintenance.

To-Be-Chosen Option

The choice or selection that is considered to be the most suitable or desirable among available alternatives.