Why do we have two methods of error correction in accounting? 1) Void the original transaction and then record the original transaction correctly. 2) Record a transaction to reverse the effect of the original transaction and then record the original transaction correctly. Why do we have two different methods and how does it each serves its purpose in what occasion? Thank you
2007-11-29
08:55:28
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1 answers
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asked by
Fairlady Racer
1
in
Business & Finance
➔ Other - Business & Finance