When You Adjust a General Journal Entry,Sage 50 -

question 37

Multiple Choice

When you adjust a general journal entry,Sage 50 -

• A)deletes the original entry and saves the correction
• B)always includes the original entry and the corrections in reports for a complete audit trail
• C)includes the original and reversing entry in reports only when you choose to show corrections
• D)renumbers the correction so that it replaces the original journal entry number in the report

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Definitions:

Article 2

A section of the Uniform Commercial Code that governs the sale of goods in the United States.

Article 2(A)

Generally refers to a specific section within a broader legal document or statute, often needing context for precise definition.

Lease

A contractual agreement where one party (the lessee) is granted the right to use property owned by another party (the lessor) for a specified period in exchange for periodic payments.

Exist Physically

To have a presence or form that can be touched, seen, or felt in the material world.