Question: An error in recording a purchase to a wrong supplier account should be corrected by: a) Recording a general journal entry. b) Recording a Reversing

An error in recording a purchase to a wrong supplier account should be corrected by:

a) Recording a general journal entry.

b) Recording a Reversing entry and an entry to the correct vendor.

c) Recording in the Sales section of the RECEIVABLES module.

d) Cannot be done, until the month-end has been completed and the new month started.

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