Correcting errors in accounting records

19Jan 2022 by

Please answer the following question(s):

You will need to perform research to answer one of the
following questions. You must cite at least two sources.

1.            Describe
the procedures for correcting errors in accounting records. Provide an example.

2.            How is
the trial balance used to discover errors? Provide an example.

3.            How would
you find errors in recording transactions and what is the process to correct
errors? Provide an example.

The goal of this discussion is to apply what you have
learned while reading the chapter material and reviewing the PowerPoint
presentation.
 
Keep in mind that this discussion question will help prepare
you for future exams, so it is important that you understand the information
and actively participate in discussions. To supplement your learning and
enhance your understanding, you may also have to conduct research outside of
the course provided material.
 
Discussion Question Requirements:
1.            In a
minimum of a paragraph, answer the question.
2.            A
paragraph is considered a minimum of 4-6 sentences.

3.            Cite all
sources – you must provide the exact link to the reference. Please keep in mind
that citing sources does not mean you can copy and paste information from the
source and use it as your own. You also cannot only change a few words from a
source; all work must be in your own words. If copying/pasting is found or the
submission is not in your own words, you will receive a zero, no exceptions.