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:

Fraud

An intentional deception made for personal gain or to damage another individual.

Misrepresentation

A false statement of fact made by one party to another, which, while inducing that party to enter into a contract, leads to its breach.

Misleading Statement

False or deceptive information that can lead someone to an incorrect understanding or belief.

Expression of Opinion

The act of stating or sharing one's thoughts, beliefs, or judgements without the intention of stating a fact.