A Correcting Entry

question 75

Multiple Choice

A correcting entry

• A)must involve one balance sheet account and one income statement account.
• B)is another name for a closing entry.
• C)may involve any combination of accounts.
• D)is a required step in the accounting cycle.

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Definitions:

Carl Perkins Act

The Carl D. Perkins Career and Technical Education Act provides federal funding to improve and expand career and technical education programs in the United States.

Vocational Assessment

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Counseling

A professional guidance process where individuals receive assistance in managing personal issues, making decisions, and coping with crises from a trained counselor.

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