If the schedule of accounts receivable total and the Accounts Receivable balance total do not agree, a correcting entry is made to balance the two totals.

Name: If the schedule of accounts receivable total and the Accounts Receivable balance total do not agree, a correcting entry is made to balance the two totals.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A correcting entry is not made to balance the totals; instead, the discrepancy is investigated to identify and correct any errors in recording transactions.

If the Schedule of Accounts Receivable Total and the Accounts