Which of the Following Is Correct Concerning Correcting Errors on the Computer

question 43

Multiple Choice

Which of the following is correct concerning correcting errors on the computer?

• A) It is ok to delete an error entry on the computer.
• B) If using a computer program, there will never be any errors to correct because the computer never allows errors to be recorded.
• C) A correcting entry should be made with a brief explanation when correcting an error on the computer.
• D) All of the answers listed are correct.

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Definitions:

Balance Sheet

A financial statement that provides a snapshot of a company's financial condition at a specific point in time, detailing assets, liabilities, and shareholders' equity.

Related Asset

An asset that is related to or necessary for the operation or function of another asset.

Wages Expense

Wages expense refers to the total cost incurred by a business for paying salaries or wages to its employees over a specific period.

Wages Payable

A liability account that records the amount of wages earned by employees but not yet paid by the company.