Asked by
Amanda Chester
on Nov 14, 2024
Verified
Correcting entries are made any time an error is discovered even though it may not be at the end of an accounting period.
Correcting Entries
Journal entries made to amend previously recorded transactions that were incorrect or incomplete.
- Understand the principles of making adjustments, corrections, and closing entries in accounting.
Verified Answer
KC
Learning Objectives
- Understand the principles of making adjustments, corrections, and closing entries in accounting.
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