Question: When fixing errors in accounting entries ,many accountants simply reverse the incorrect entry and then record the correct entry because 1) it prevents the need
When fixing errors in accounting entries ,many accountants simply reverse the incorrect entry and then record the correct entry because 1) it prevents the need for prior periods adjustment 2) it is often easier and more logical that way 3) it allows for more entries and more postings 4) reversing entries can be posted directly to the trial balance Pls which is the correct answer
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