Corrections in accounts should be made by
A) correction fluid.
B) neat erasure.
C) the ruling method.
D) a permanent marker.

Question

Quizplus · Accepted Answer

The ruling method is the correct way to make corrections in accounts because it ensures that the original entry is still visible for audit purposes, maintaining transparency and integrity in financial records. This method typically involves drawing a line through the incorrect entry and writing the correct information nearby. Correction fluids, erasures, or permanent markers would obscure the original entry, which is not acceptable in accounting practices.

Corrections in Accounts Should Be Made by