Solution-Explain the two categories of error corrections

Explain the two categories of error corrections

Assignment Help Accounting Basics

Reference no: EM132565208

Question - Computerized Accounting, IN THE CLOUD, Microsoft Dynamics GP 2016 8TH EDITION

1. What is the purpose of the Appendix of your reference text book?

2. Explain the two categories of Error corrections.

3. Give a brief explanation of how errors of the following transaction might be corrected or fixed:

a. credit sales might be corrected after posting

b. Adjust perpetual inventory records

c. To correct an employee error, after the payroll transaction has been posted

d. Receive goods from a purchase order, after it has been posted

e. Correcting a sales invoice after it has been posted.

4. How do you add an inventory item record using the item maintenance Main Window?

5. Give a brief explanation of how to perform the year-end closing procedures. What reports are generated?

Reference no: EM132565208

Questions Cloud

How the accountant got confused as : Mr. Frank, The accountant got confused as to what this is all about. From your experience can you tell him what it is all about?

What are some options suggested to help combat issue : How is this affecting world coastlines? Additionally what are some options suggested to help combat this issue?

What the furniture service cost is a : What The furniture service cost is a? Management considers the activities in the SFS business are within the relevant range for the purpose of cost estimation.

Describe the path in which energy from that hamburger : Imagine you just ate a hamburger. Describe the path in which energy from that hamburger followed before it reached you.

Explain the two categories of error corrections : Question - Computerized Accounting, IN THE CLOUD, Microsoft Dynamics GP 2016 8TH EDITION. Explain the two categories of Error corrections

What was mr krusty hypothesis : Mr. Krusty was told that a certain itching powder was the newest best thing on the market: it even claims to cause 50% longer lasting itches.

Which is a committed fixed cost is characterized as a cost : Which is A committed fixed cost is characterized as a cost? can be eliminated in the short-term but not in the long-term/must always be paid

Complete the job diagnostic survey : Complete the Job Diagnostic Survey and MPS Worksheet for your current or a recent job - Identify how your score compares to the national average

Determine the amount of cash payments in the month of march : Determine the amount of cash payments in the month of March. Keen Office Furniture (KOF) is a privately owned, South Australian based company

User Account

All Pages

Explain the two categories of error corrections

Reference no: EM132565208

Reference no: EM132565208

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT