An Unacceptable Way to Make a Correcting Entry Is to

question 144

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:

Lean Manufacturers

Companies that adopt lean manufacturing techniques to maximize customer value while minimizing waste, thus achieving higher efficiency in production.

Traditional Processes

Conventional methods and procedures that organizations follow to conduct business operations, often characterized by a linear, step-by-step approach.

Work in Process Inventory

Items that are in the middle of production but haven't been finished for market yet.

Cost of Goods Sold

The expense associated with manufacturing the goods that a business sells during a specific period.