If a Journal Entry That Contains an Error Has Already

If a journal entry that contains an error has already been posted,

A) the incorrect items should be erased and replaced with the correct data.
B) the journal need not be corrected but the posting to the ledger should be corrected by crossing out the incorrect data and writing the correct data above it.
C) a correcting entry should be journalized and posted.
D) the incorrect items should be corrected by crossing out the incorrect data and writing the correct data above it in both the journal and the ledger.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free