Correcting Entries Are Made

question 145

Multiple Choice

Correcting entries are made

• A) at the beginning of an accounting period.
• B) at the end of an accounting period.
• C) whenever an error is discovered.
• D) after closing entries.

---

Definitions:

Good

A tangible product or item that satisfies some human desire or need, often available for sale in the market.

Tax Revenue

Government income collected from citizens and businesses through imposed levies and duties.

Tax

A mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Good

An item or service that fulfills a consumer's want or need, which can be tangible, like a car, or intangible, like a service provided by a dentist.