An unacceptable way to make a correcting entry is to
A) reverse the incorrect entry.
B) erase the incorrect entry.
C) compare the incorrect entry with the correct entry and make a correcting entry to correct the accounts.
D) correct it immediately upon discovery.

Question

Quizplus · Accepted Answer

Erasing the incorrect entry is not acceptable because it leaves no record of the mistake, which can lead to confusion and errors in the future. Instead, a correcting entry should be made, leaving a clear audit trail of the correction.

An Unacceptable Way to Make a Correcting Entry Is to