Question: Please help solve this. thank you A counterbalancing error is best described by which of the following statements below: A . An error that offsets
Please help solve this. thank you A counterbalancing error is best described by which of the following statements below:
A An error that offsets itself in the same year by a reversing entry.
B An error that corrects itself over a two year period without correcting entries.
C Any error that eventually reverses.
D An error in one account say $ which is then offset by the same amount going the other direction in another account in the same year.
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