How is a correction of an accounting error made?

Can a updated check be an negotiable instrument

Which of the following is a limitation of the direct write-off method of accounting for uncollectible? The direct write-off method overstates assets on the balance sheet. The direct write-off method does not match expenses against revenue very well. The direct write-off method does not set up an allowance for uncollectible. All of the above

Firm A and Firm B have debt/total asset ratios of 33 percent and 23 percent and returns on total assets of 7 percent and 10 percent, respectively. What is the return on equity for each firm? (Do not round Intermedlate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Firm A return on equity Firm B return on equity

why should the allowance for doubtful account and the valuation and qualifying accounts schedule be analyzed?

What are 'offsetting errors', which are made in recording the amount of a transaction? Please Explain.