If an Error Is Discovered in Either the Journal or the Ledger

question 39

True/False

If an error is discovered in either the journal or the ledger, it must be corrected by erasing the incorrect amount and entering the corrected amount.

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Definitions:

Fatigue

A subjective feeling of tiredness which is distinct from weakness, and has a gradual onset.

Anxiety

A feeling of worry, nervousness, or unease, often about an imminent event or something with an uncertain outcome.

Depression

A common and serious mood disorder that negatively affects how you feel, think, and handle daily activities, often characterized by persistent feelings of sadness and loss of interest.

Future Loss

The potential for an individual or entity to experience a decrease in value or benefit in the future.