For which of the following purchase invoice errors would you reverse the entire entry -
A)entering the wrong date for the invoice
B)entering the wrong supplier for an invoice
C)entering incorrect payment terms for the invoice
D)entering an incorrect account for the invoice

Question

Quizplus · Accepted Answer

Entering the wrong supplier for an invoice would necessitate reversing the entire entry because it affects the fundamental accuracy of the accounts payable system, potentially impacting the financial statements and relationships with suppliers.

For Which of the Following Purchase Invoice Errors Would You