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Home Q & A Board Other Fields Homework Help Business Accounting
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k9ikiki k9ikiki
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Posts: 342
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6 years ago
When an income statement error that does not affect the balance sheet is not found until after the books are closed, an entry ________.
A) must be made to correct the error during the next year
B) must be made to correct the error by reopening the books
C) is not necessary, but financial statements must be recalled immediately
D) is not necessary, but the income statement must be corrected before issue
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
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wrote...
#1
6 years ago
 D
k9ikiki Author
wrote...
#2
6 years ago
Makes more sense now, have a good weekend!
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