Unfortunately, errors may occur in the recording process. Errors should be corrected as soon as they are discovered because accounting errors will snowball into much bigger problems! When an error is discovered, before the entries are posted, the error can be corrected by ruling through the item.

For the Unit 3 main discussion post, briefly define a correcting entry. When is a correcting entry necessary? What are the steps for correcting an incorrect amount posted to an account? Why is a source document associated with correcting entries?

Your main post should be at least 250-300 words long.