Accounting. Online Accounting Help. Online Accounting. Online Accounting System. History of Accounting. General Accounting

Correcting Errors.

If errors are discovered in either the journal or the ledger, they must be corrected. Our approach to correcting errors depends on the kind of error and when it is discovered.

If an error in a journal entry is discovered before the error is posted, it can be corrected in a manual system by drawing a line through the incorrect informa­tion. (more…)