Corrections are entries made to correct errors found in
A)all journals.
B)special journals.
C)the general ledger.
D)the financial statements.

Question

Quizplus · Accepted Answer

Corrections are made to the general ledger to rectify errors in the account balances. The financial statements are prepared based on the balances in the general ledger, so corrections made here will ultimately ensure that the financial statements are accurate. Special journals and all journals may contain errors, but these errors are corrected before they are transferred to the general ledger.

Corrections Are Entries Made to Correct Errors Found in