To correct an error made in the journal (prior to posting in the ledger),
A) erase the error and write the correct entry.
B) line out the incorrect portion of the entry and write in the correction.
C) ignore the error, it will correct itself in the next accounting period.
D) write a new journal entry correcting the original entry.

Question

Quizplus · Accepted Answer

Line out the incorrect portion of the entry and write in the correction. This method ensures that the original error is still visible and can be traced back if needed. Simply erasing the error or ignoring it can lead to confusion and inconsistencies in the ledger. Writing a new entry may not be necessary if the correction can be easily made within the original entry.

To Correct an Error Made in the Journal (Prior to Posting