QUESTION IMAGE
Question
a single - line rule across the bottom of the columns in a journal indicates that:
the column totals have been checked and are verified to be correct.
cash has been proved.
its the end of the month.
columns need to be added.
question 6
3 pts
choose the answer.
how do you correct an error in a journal entry?
draw a line through the error to cancel it.
write the correct entry above the canceled error.
do not try to erase it.
all of the above
For the first question, in accounting journals, a single - line rule at the bottom of columns indicates that the column totals have been checked and verified. Cash being proved is usually a more specific cash - related verification (not just a single - line rule), it's not related to the end of the month, and if columns needed to be added, there would be no such rule.
For the second question, when correcting a journal entry error, the proper procedure is to draw a line through the error (to cancel it), write the correct entry above (if there is space, otherwise a new entry), and not try to erase (as erasing can be unethical and make the original entry hard to trace). So all of the steps are part of the correction process.
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First question: The column totals have been checked and are verified to be correct.
Second question: all of the above.