An Unacceptable Way to Make a Correcting Entry Is to

question 193

Multiple Choice

An unacceptable way to make a correcting entry is to

• A) reverse the incorrect entry.
• B) erase the incorrect entry.
• C) compare the incorrect entry with the correct entry and make a correcting entry to correct the accounts.
• D) correct it immediately upon discovery.

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Definitions:

Warranty of Habitability

A legal requirement that landlords must provide and maintain livable conditions in rented properties.

Chemicals

Substances used in the production of goods or services, often characterized by their compositions and potential reactions.

Encumbrances

Legal claims or liens on property or assets that can affect the ability to transfer ownership or limit its use.

Chain of Title

The sequence of historical transfers of title to a property, tracing ownership from the current owner back to the original source of the property.