Correcting General Journal Errors a. What procedure is used to correct a general journal

Chapter 6, Problem 7

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QUESTION:

Correcting General Journal Errors

a. What procedure is used to correct a general journal entry error in a manual system?

b. What are the possible consequences of erasing an error in the general journal?

Questions & Answers

QUESTION:

Correcting General Journal Errors

a. What procedure is used to correct a general journal entry error in a manual system?

b. What are the possible consequences of erasing an error in the general journal?

ANSWER:

                                                   Step 1 of 3

The manual accounting system is the type of accounting system in which all transactions and records are made by hand without using any computer system.

                                                   

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